Seven Leading Think Tanks Put Forward Plans to Significantly Reduce Nation’s Debt
Seven Leading Think Tanks Put Forward Plans to Significantly Reduce Nation’s Debt
Peterson Foundation’s ‘Solutions Initiative’ Produces Policy Options to Build Stronger Fiscal Future for America
NEW YORK (JUNE 12, 2019) — Seven of the nation’s leading think tanks, representing views from across the political spectrum, have put forward comprehensive, 30-year budget plans that significantly improve America’s fiscal outlook. The plans were released as part of the Peter G. Peterson Foundation’s Solutions Initiative 2019: Charting a Sustainable Future, a unique policy project demonstrating that many solutions exist to manage America’s debt and build a stronger future for our nation.
Each organization’s specific, scoreable plan was unveiled yesterday at the Peterson Foundation’s 10th annual Fiscal Summit.
Participating organizations include:
- American Action Forum: (Plan and Summary Video)
- American Enterprise Institute: (Plan and Summary Video)
- Bipartisan Policy Center: (Plan and Summary Video)
- Center for American Progress: (Plan and Summary Video)
- Economic Policy Institute: (Plan and Summary Video)
- Manhattan Institute: (Plan and Summary Video)
- Progressive Policy Institute (Plan and Summary Video)
“These seven policy organizations recognize the need to reduce our debt in order to meet our nation’s many pressing challenges, and have put forward comprehensive fiscal plans,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation. “Stabilizing our high and rising debt is critical part of building a foundation for America’s future. The many policy proposals included in the Solutions Initiative can serve as a blueprint for lawmakers to implement fiscal solutions that create conditions for growth, opportunity and prosperity for the next generation.”
The participating organizations shared their plans yesterday in a special event in Washington, D.C., as part of the Peterson Foundation’s Fiscal Summit.
For more information about the Solutions Initiative, and to view the seven plans, click here.
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Further Reading
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High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
How Does the United States’ Fiscal Position Compare to Other Countries’?
The United States is in a poor fiscal condition compared to the rest of the world, according to the OECD.
The United States Collects Less Tax Revenue Than Other G7 Countries
The U.S. collects less tax revenues compared with other G7 countries, and that lower level of revenues is a key driver of the national debt.