Peterson Foundation Statement on Moody’s Downgrade
Peterson Foundation Statement on Moody’s Downgrade
Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the downgrade of the U.S. credit rating by Moody’s.
“For those looking for a signpost to tell us when to stop adding to our national debt, they should look no further than Moody‘s downgrade. It’s unacceptable for a great country like America to harm its own credit rating. We have plenty of options on the table to fix this, and it can be done quickly, with leadership.”
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ABOUT THE PETER G. PETERSON FOUNDATION
The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization that is dedicated to increasing public awareness of the nature and urgency of key fiscal challenges threatening America's future, and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find and implement sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. To learn more, please visit www.pgpf.org.
Further Reading
How Do Quantitative Easing and Tightening Affect the Federal Budget?
The Federal Reserve plays an important role in stabilizing the country’s economy.
5 Ways Rising National Debt Makes America Less Affordable
The rising debt contributes to higher inflation and interest rates, which can have significant negative consequences for American families and businesses.
How Much Government Spending Goes to Children?
Interest costs on the national debt are expected to rapidly outstrip spending on children in coming years.