What’s the Difference between a Government Shutdown and the Debt Limit?
A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
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A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
Peterson Foundation Chairman Pete Peterson was featured in the new Winter 2014 issue of Philanthropy magazine, out today.
https://www.pgpf.org/blog/pete-peterson-philanthropy-magazine
"Over the long term, the president’s budget leaves in place a permanent mismatch between revenues and spending that will fuel a rising and unsustainable debt."
"In today’s reports, once again, the trustees warn us that Social Security and Medicare face serious challenges."
Though the economy continues its recovery and we have made some progress on deficits, our deficits will begin growing again soon, and major long-term fiscal challenges remain.
Peter G. Peterson pens an op-ed in the Wall Street Journal about tax aversion syndrome.
https://www.pgpf.org/press-release/tax-aversion-syndrome-and-our-deficit-future-by-peter-g-peterson
The retirement of the large baby boom generation will sharply push up the number of people claiming benefits each year.
https://www.pgpf.org/analysis/the-social-security-trustees-report-in-charts
"The era of declining deficits has clearly come to an end."
Michael A. Peterson, President & COO of PGPF, commented today following the release of the President's FY2016 Budget.
For the ninth consecutive month, American citizens remain extremely concerned about our nation’s fiscal challenges, according to the Peter G. Peterson Foundation’s latest Fiscal Confidence Index.
https://www.pgpf.org/press-release/2013/08/fci-press-release