Statement by Foundation Chairman Peter G. Peterson on President Obama's Address to a Joint Session of Congress
Peter G. Peterson releases a statement on President Obama's address to a joint session of Congress.
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Peter G. Peterson releases a statement on President Obama's address to a joint session of Congress.
Despite a growing economy and low unemployment, federal budget deficits are projected to grow over the next 10 years.
https://www.pgpf.org/blog/2019/01/five-charts-that-summarize-cbos-budget-and-economic-outlook
Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of the Fiscal Year 2015 Budget by House Budget Committee Chairman Paul Ryan.
President & CEO of the Peter G. Peterson Foundation will discuss reforms to encourage long-term fiscal sustainability.
In an important acknowledgement of our nation’s unsustainable fiscal outlook, the President’s budget for fiscal year 2023 proposes to reduce deficits by $1 trillion over the next decade relative to current law.
Without reform, Medicare spending will continue to rise over the coming years — threatening the HI Trust Fund and placing immense pressure on the federal budget.
“The economy is growing, but so is the federal deficit, and that’s highly unusual.” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/04/fci-press-release
As America crosses the unfortunate milestone of $20 trillion in national debt for the first time, voters are increasingly concerned about the fiscal condition of the country.
https://www.pgpf.org/press-release/2017/09/fci-press-release
Last year, the U.S. deficit of $1.4 trillion or 9.9 percent of gross domestic product, was the largest since the end of World War II.
https://www.pgpf.org/analysis/2009/04/the-us-faces-looming-fiscal-crisis
PGPF Solutions Initiative plans from five think tanks show declining federal debt through 2037.