Peterson Foundation Statement on 2018 Midterm Election Results
Peterson Foundation Statement on 2018 Midterm Election Results
NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the results of this week’s midterm elections:
“As policymakers begin to prepare for the new landscape in Washington, they have both a requirement and a valuable opportunity to work together on fiscal solutions. Divided government means we need bipartisanship to address America’s most critical challenges, including our rising national debt.
“When it comes to our national debt, Americans are in agreement — eight in 10 voters across party lines want the new Congress to prioritize and solve this issue.
“With the return to trillion-dollar deficits this year, and growing interest costs outpacing investments in our future, this new Congress can’t afford to turn its back on our national debt. It is essential to find a bipartisan path to build a fiscal foundation for continued economic growth and prosperity for the next generation.”
Further Reading
Growing National Debt Sets Off Alarm Bells for U.S. Business Leaders
Debt rising unsustainably threatens the country’s economic future, and a number of business leaders have signaled their concern.
How Much Can the Administration Really Save by Cutting Down on Improper Payments?
Cutting down on improper payments could increase program efficiency, bolster Americans’ confidence in their government, and safeguard taxpayer dollars.
What Is R Versus G and Why Does It Matter for the National Debt?
The combination of higher debt levels and elevated interest rates have increased the cost of federal borrowing, prompting economists to consider the sustainability of our fiscal trajectory.