Peterson Foundation Statement on Government Shutdown
Peterson Foundation Statement on Government Shutdown
NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today in response to the government shutdown:
“It’s highly unfortunate that we are experiencing yet another government shutdown. Shutdowns not only interrupt federal programs and services, but they are harmful to the economy and waste time and money.
“Even after these final budget details are resolved, Washington seems content to spend a billion dollars a day on interest alone, and add $20 billion to our debt every single week. Instead of governing by crisis and brinksmanship, our leaders should work collaboratively to address the major structural challenges in our budget. We must do so in order to create the stable fiscal and economic path that all Americans deserve.”
Further Reading
Quarterly Treasury Refunding Statement: Borrowing Could Rise Soon
The U.S. Treasury has signaled its intention to add $1.4 trillion in new debt between July and December.
What Is Supplemental Security Income?
SSI faces ongoing challenges including an aging population, evolving disability eligibility, and fiscal pressures on the federal budget.
Growing Momentum for a Fiscal Commission in Congress
A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.