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
No Tax on Social Security Would Weaken Both Social Security and Medicare
Republicans in Congress are considering several new tax cuts that would reduce federal revenues by trillions of dollars over the next decade.
The United States Spends More on Defense than the Next 9 Countries Combined
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2023.
The President’s “Skinny Budget” Reallocates Priorities for Appropriations
The first budget from the first year of a new Administration is an important statement of budgetary priorities.