Peterson Foundation Statement on House Rules Package and Return to PAYGO
“This new rules package includes important reforms that can help encourage fiscal responsibility." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
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“This new rules package includes important reforms that can help encourage fiscal responsibility." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
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.
Federal debt would rise to 78 percent of GDP in 2014 — higher than it has been at any point in our history since 1950.
https://www.pgpf.org/analysis/analysis-of-the-president%E2%80%99s-fiscal-year-2014-budget
The legislation is fiscally irresponsible and will add significantly to America's national debt.
https://www.pgpf.org/analysis/congress-passes-costly-and-unfunded-tax-legislation
The Peter G. Peterson Foundation is providing a $1 million grant to the newly established Warren B. Rudman Center for Justice, Leadership and Public Policy at the University of New Hampshire School of Law.
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
“As troubling as this year’s deficit is, it’s just the beginning of large and growing deficits as far as the eye can see," Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation, said.
America's economic future depends on policymakers’ willingness to agree on a plan that will put our nation on a sustainable fiscal course.
https://www.pgpf.org/pgpf-programs-and-projects/a-brighter-economic-future
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
All three budget plans achieve deficit reduction within the 10-year window relative to current law, though they make different choices on revenues and spending levels for particular programs and achieve different results.