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
The Fed Reduced the Short-Term Rate Again, but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
No Taxes on Tips Will Drive Deficits Higher
Here’s how this new, temporary deduction will affect federal revenues, budget deficits, and tax equity.
The Federal Government Has Borrowed Trillions. Who Owns All that Debt?
Most federal debt is owed to domestic holders, but foreign ownership is much higher now than it was about 50 years ago.