Foundation Chairman Peter G. Peterson's Statement on President Obama's deficit reduction proposal to the "super committee"
Peter G. Peterson releases a statement on President Obama's deficit reduction proposal to the "super committee."
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Peter G. Peterson releases a statement on President Obama's deficit reduction proposal to the "super committee."
The Peter G. Peterson Foundation releases a statement on Chairman Paul Ryan's budget proposal.
On Wednesday, May 25, 2011, senior Administration officials, policy experts and Democratic and Republican elected leaders will come together in Washington to discuss solutions to the nation’s fiscal challenges at the 2011 Fiscal Summit: Solutions for America’s Future, convened by the Peter G. Peterson Foundation.
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
The Peterson Foundation cited new projections which demonstrate that $1.2 trillion in deficit reduction that fails to address the fundamental drivers of our growing debt will not stabilize the level of debt relative to the economy, which is the real test of any long-term fiscal plan.
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.
The end of the supercommittee doesn’t mean the end of the fiscal policy debate in Washington.
Over the next several weeks, as the President and Congress confront the "fiscal cliff," they will have a big opportunity to make the right choice.
Peter G. Peterson releases a statement on reports of supercommittee failure to reach an agreement.