Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the release of the Congressional Budget Office’s Budget and Economic Outlook: “CBO’s latest budget projection is an urgent warning to our leaders about America’s costly fiscal path.  “Improving affordability for American families is a top priority for the nation.  Borrowing trillion after…

“The national debt is growing faster than ever, and voters understand that this is a major problem for America’s economic future,” said Michael A. Peterson.

“As the new year begins, voters are understandably concerned about America’s fiscal direction,” said Michael A. Peterson.

“Soaring past $38 trillion in debt during the longest shutdown in U.S. history is a clear sign that we need a renewed commitment to fiscal sanity and responsible budgeting,” said Michael A. Peterson.

In a set of five new essays, distinguished economists and historians identify cautionary tales from history that are relevant to understanding and addressing today’s fiscal, economic and political challenges.

“It took the United States just 70 days to go from $37 trillion to $38 trillion in debt, and voters are deeply concerned about the fiscal hole we are digging for future generations,” said Michael A. Peterson.

“Reaching $38 trillion in debt during a government shutdown is the latest troubling sign that lawmakers are not meeting their basic fiscal duties.”

“As Washington faces the challenge of keeping the government open as well as rapidly rising debt levels into the future, voters are increasingly concerned about our nation’s fiscal challenges,” said Michael A. Peterson.

“Today’s new survey shows widespread concern about the $37 trillion and growing national debt,” said Michael A. Peterson.

“Our national debt is now greater than the economies of the entire Eurozone and China, combined.”