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In this candid and informal video series, Foundation Chairman Pete Peterson discusses the economy, our nation’s fiscal challenges, and the personal experiences that underlie his dedication to preserving the American Dream.
In the summer of 2010, the Peter G. Peterson Foundation established its inaugural Fiscal Internship program in Washington DC, with the goal of supporting the development of young talent in the fiscal policy world. The program pairs college and graduate students interested in the nation’s economic future with public policy organizations working on fiscal issues.
Since its establishment in 2008, the Peter G. Peterson Foundation has been dedicated to advancing solutions to our nation’s long-term fiscal challenges. The Foundation is motivated by the belief that America is on an unsustainable path, and that only by changing course can we ensure that our economy remains strong and competitive for future generations.
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."
Help motivate and energize people to advocate for sustainable fiscal policies.
The Congressional Budget Office (CBO) recently published an update of its long-term outlook for the budget and concluded that the federal budget will continue to face intense pressures from the aging of the population and growth in health care costs.i These pressures will push up spending on Social Security, Medicare and Medicaid. If taxes are not increased or spending is not cut, CBO projects that interest costs will climb and federal debt will grow to levels that will damage our economy. CBO’s views about the long-term outlook have not changed much from last year.
The Peter G. Peterson Foundation is the official broadcast sponsor of the Bloomberg/Washington Post Republican Presidential Debate – a debate focused on the American economy. As a nonpartisan foundation, we are working to engage people across the political spectrum and around the country to ensure that addressing our nation’s economic and fiscal challenges is a top priority for the next president and all elected officials.