Statement from Foundation Chairman, Pete Peterson, on the President's Remarks
Foundation Chairman Peter G. Peterson releases a statement on the President's remarks.
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Foundation Chairman Peter G. Peterson releases a statement on the President's remarks.
Lawmakers are considering significant reforms in a number of key policy areas, including healthcare reform, tax reform, infrastructure and more.
Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.
Peterson foundation holds fiscal cliff forum today — brings together lawmakers and policy experts to discuss solutions to nation's long-term fiscal challenges.
https://www.pgpf.org/press-release/2012/11/peterson-foundation-holds-2012-fiscal-cliff-forum
Even party extremes want bipartisan progress: 93% of Liberal Democrats and 85% of Tea Party supporters strongly agree that both parties should work together to solve our long-term fiscal and economic problems.
67% of registered voters strongly agree that "I am willing to do my part to reduce the national debt, as long as other people also do their part."
New swing state polling reveals that 2024 voters overwhelmingly believe that the rising national debt is a critical campaign issue.
https://www.pgpf.org/press-release/2024/10/swing-state-polling
The Peterson Foundation’s 2012 Fiscal Summit–America's Case For Action convenes the nation's leading fiscal policy experts and elected officials at a critical moment of opportunity to make progress on America's long-term fiscal challenges.
Under current spending and tax policies, federal debt would be on a path that climbs to about 200 percent of gross domestic product within 25 years, according to CBO.
The Congressional Budget Office's latest Budget and Economic Outlook provides sobering new evidence that our nation's fiscal policies are on an unsustainable and uncertain path.
https://www.pgpf.org/analysis/analysis-of-cbo%E2%80%99s-budget-outlook-fiscal-years-2012-2022
Under the current policy scenario, the federal government is projected to run permanent primary spending deficits.
https://www.pgpf.org/analysis/government-accountability-office-fall-2012-budget-outlook