Peterson Foundation Statement on Temporary End to Shutdown

NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today in response to the President’s announcement that he will agree to temporarily re-open the government after a 35-day partial shutdown:
“This shutdown has negatively affected the lives of millions of Americans, disrupted essential government services, and unnecessarily harmed the economy.
“Temporarily re-opening the government will alleviate pressure in the short term, but lawmakers must find a lasting solution that moves our nation past this unfortunate episode. American families shouldn’t have to keep worrying about whether or not their next paycheck will arrive.
“Furthermore, our leaders need to move past gridlock and partisanship to focus on solutions to America’s serious and unsustainable long-term fiscal and economic challenges.”
Further Reading
The Rising National Debt Means Fewer Jobs, Lower Wages for Young People
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Social Security Is in Trouble. What Does That Mean for Younger Americans?
Social Security’s looming insolvency is also a threat to the economic future of younger Americans.
How Does the National Debt Affect Inflation, Housing Costs, and the Job Market for Young People?
The unsustainable national debt poses a risk to our economic future, and young Americans may have the most to lose.