“For those looking for a signpost to tell us when to stop adding to our national debt, they should look no further than Moody‘s downgrade.”

“This irresponsible budget bill would significantly worsen America’s fiscal outlook and harm our economic future.”

“Voters understand that rising debt puts upward pressure on inflation, and makes everything more expensive, from grocery shopping to buying a house or car,” said Michael A. Peterson.

Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the release of the Congressional Budget Office’s updated Long-Term Budget Outlook: “Today’s CBO report shows debt rising rapidly over the next three decades, and serves as a timely warning for this year’s tax policy debate.  “Over the next 30 years, debt will…

“Tomorrow, we will get an updated fiscal outlook, but we already know that the picture is dire,” said Michael A. Peterson.

Student leaders from Central Texas College took home the top prize in the 13th annual Up to Us competition.

“Strong majorities of voters, and Republicans in particular, are sending a clear message that now is not the time to make our fiscal outlook any worse,” said Michael A. Peterson.

“As we enter this budget reconciliation process, it’s important to recognize we are currently on a path to add $22 trillion to the national debt over the next ten years.”

“As a new president and Congress take office, voters across the political spectrum see the need to prioritize addressing our $36 trillion and rising national debt,” said Michael A. Peterson.

“CBO’s new report shows the high budgetary stakes as a new Congress and president begin their terms and face critically important budget decisions this year.”