Response To State Of The Union
Peter G. Peterson, Chairman of the Peter G. Peterson Foundation, releases a statement on President Obama's State of the Union Address.
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Peter G. Peterson, Chairman of the Peter G. Peterson Foundation, releases a statement on President Obama's State of the Union Address.
If all of the proposals in the budget were adopted, government debt would still soar to unsustainable levels in the long run, even under the optimistic assumptions used in the administration’s long-run projections.
The Bipartisan Policy Center proposal is the first in a series of reports that will be released over the next several months that examines different ways to bring the budget back into balance and reduce the country’s mounting debt burden.
https://www.pgpf.org/press-release/restoring-america%E2%80%99s-future
I.O.U.S.A.: Solutions, a follow-up special that is premiering on CNN this weekend, will focus on solutions to the fiscal crisis and it will feature new footage from the producers of I.O.U.S.A. and a panel discussion with experts from a variety of viewpoints, spanning across generations.
https://www.pgpf.org/press-release/iousa-solutions-premieres-on-cnn
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For more information about America’s fiscal challenge and potential solutions, visit the Peter G. Peterson Foundation at www.pgpf.org. The following websites also provide a wealth of information on the U.S. budget and various policy areas.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/learn-more
As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
The U.S. spent $187 billion on interest payments alone in 2009.
According to the report, reaching primary balance would require a reduction of $255 billion in the projected deficit in 2015.
https://www.pgpf.org/analysis/cap-shows-what-it-might-take-to-balance-the-budget
Peter G. Peterson gives a statement on his participation in The Giving Pledge.
https://www.pgpf.org/press-release/peter-g-peterson-on-his-participation-in-the-giving-pledge
After months of negotiations, with default looming, Congress passed and the President signed the Budget Control Act of 2011, which raises the debt ceiling and puts a process in place for reducing the deficit.
https://www.pgpf.org/analysis/peter-g-peterson-foundation-analysis-of-the-budget-control-act-of-2011