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
Can a Rescissions Package Help Lawmakers Formalize DOGE Cuts?
There has recently been significant discussion surrounding spending cuts proposed by the Department of Government Efficiency (DOGE), including questions about how and whether cuts identified…
Full Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt
Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.
Long-Term Budget Outlook Leaves No Room for Costly Legislation
As lawmakers consider costly legislation to extend expiring tax provisions this year, CBO’s latest projections serve as a warning that our fiscal outlook is already dangerously unsustainable.