Pete Peterson Monticello Speech
Peter G. Peterson delivers remarks at a celebration of Thomas Jefferson's 268th birthday.
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Peter G. Peterson delivers remarks at a celebration of Thomas Jefferson's 268th birthday.
The Peterson Foundation’s 2012 Fiscal Summit–America's Case For Action convenes the nation's leading fiscal policy experts and elected officials at a critical moment of opportunity to make progress on America's long-term fiscal challenges.
Peter G. Peterson releases a statement on sequestration.
https://www.pgpf.org/press-release/statement-from-foundation-chairman-pete-peterson-on-sequestration
The Congressional Budget Office released its 2015 Long-Term Fiscal Outlook, which projects that by 2040, federal debt will climb to over 100 percent of GDP under current law and could reach 175 percent of GDP under less optimistic assumptions.
Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.
This fall, PGPF research staff will publish a series of one-page articles, providing objective analyses on major government programs and policies.
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."
The President’s budget for Fiscal Year 2012 contains spending and revenue proposals for the remainder of the current year, as well as the coming decade.
“No review of the state of our union is complete without acknowledging our nation’s high and rising debt," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
Under the current policy scenario, the federal government is projected to run permanent primary spending deficits.
https://www.pgpf.org/analysis/government-accountability-office-fall-2012-budget-outlook