Statement from the Peterson Foundation on 2013 Congressional Budget Office's Long-Term Budget Outlook

NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of the Congressional Budget Office's Long-Term Fiscal Outlook for 2013:

"Our nation's long-term debt remains as troubling as ever. Today's report confirms that we have not addressed the fundamental drivers of our long-term structural deficits, and that we are still on a path to burden the next generation with an insurmountable level of debt. Congress and the President should use the upcoming fiscal debates to recommit themselves to building a framework that addresses this critical issue for our economy and the nation's future."

For a summary of the 2013 Congressional Budget Office’s Long-Term Budget Outlook, click here.