Peter G. Peterson on His Participation in the Giving Pledge
“The cause of my life is to help ensure that future generations — our children and grandchildren — have access to the same opportunities that I have had. I’ve been very lucky in my life as the son of poor immigrants; I’ve had more success than I could have imagined. In 2007, I decided to commit a billion dollars to the Peter G. Peterson Foundation to address fiscal challenges I believe are undeniable, unsustainable, and politically speaking, untouchable. I set up this foundation to try to make a difference for all of us but particularly our children, so that generations to come can realize the American dream as I did.”
Further Reading
Budget Basics: Federal Trust Funds
Federal trust funds bear little resemblance to their private-sector counterparts.
Where the American Healthcare System Underperforms
Healthcare in the United States is very expensive — but we don’t get what we pay for.
10 Largest Budget Functions
Here are the top ten spending categories for the federal budget.