Peterson Foundation Statement on Bipartisan Infrastructure Legislation
Peterson Foundation Statement on Bipartisan Infrastructure Legislation
NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today as bipartisan infrastructure legislation moved forward in the U.S. Senate:
“It is encouraging that leaders in the U.S. Senate have reached an historic bipartisan agreement to invest in national infrastructure. The ability to work across the aisle to find common ground is an essential part of a functional democracy, and it’s been all too rare in recent years. The fact that lawmakers are pursuing ways to pay for their priorities is also an important recognition of our nation’s unsustainable fiscal outlook, and Congress and the administration should ensure that this new spending is fully funded with transparent, credible offsets.”
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Further Reading
What Is the Yield Curve, and What Does It Tell Us About the Economy?
Not only does the yield curve offer insights into the strength of the economy, but it also signals how investors view the government’s fiscal trajectory.
Social Security Inaction Raises Risk of Higher Interest Rates and Inflation
Adding to the national debt by borrowing instead of enacting Social Security reform can harm the economy in two key ways.
What Is Fiscal Dominance?
Fiscal dominance occurs when the national debt — and especially high interest costs — forces the hand of monetary policymakers.