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
7 Key Trends in Poverty in the United States
Thirteen percent of the U.S. population lives in poverty. Learn more about the demographic and regional variations in the poverty rate.
Quarterly Treasury Refunding Statement: Borrowing Up Year Over Year
Key highlights from the most recent Quarterly Refunding include an increase in anticipated borrowing of $158 billion compared to the same period in the previous year.
Budget Basics: Unemployment Insurance Explained
The Unemployment Insurance program is a key counter-cyclical tool to help stabilize the economy and speed recovery during downturns or crises.