Statement on President Obama's Consideration of Bipartisan Commission as a Solution to Nation's Fiscal Challenges
The Peter G. Peterson Foundation releases a statement on President Obama's consideration of a Bipartisan Commission.
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The Peter G. Peterson Foundation releases a statement on President Obama's consideration of a Bipartisan Commission.
The Peterson Foundation cited new projections which demonstrate that $1.2 trillion in deficit reduction that fails to address the fundamental drivers of our growing debt will not stabilize the level of debt relative to the economy, which is the real test of any long-term fiscal plan.
“Voters understand the urgency of our fiscal challenges, and that’s why they want lawmakers to take concrete steps to secure our future,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/06/fci-press-release
Voters agree that the debt is an issue the President and Congress should be spending more time addressing, with over eight in ten calling for the national debt to be among their top three priorities.
https://www.pgpf.org/press-release/2014/11/fci-press-release
“Voters understand that ‘not touching’ Social Security is not an option because automatic cuts are unacceptable and waiting only makes the problem more costly and difficult to solve,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/05/fci-press-release
“Earlier this month, the Congressional Budget Office released new data showing that interest costs in 2024 will total a staggering $870 billion, a jump of 32 percent and more than $2 billion per day,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/02/fci-press-release
"Tax Cuts 2.0 is a fitting name, because this bill would add more than $2.0 trillion to our national debt over 10 years once it kicks in," Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation, said.
“Democratic and Republican voters know that this level of fiscal irresponsibility carries a huge economic risk,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/04/fci-press-release
Michael A. Peterson, President & COO of PGPF, commented today following the release of the President's FY2016 Budget.
Michael Peterson writes an op-ed in Roll Call about the fiscal issues that plague the U.S. in the new year.
https://www.pgpf.org/press-release/op-ed-new-fiscal-year-same-fiscal-problems