Statement by Pete Peterson on Plan by Bipartisan Group of Senators
“What America needs right now is a bipartisan compromise to put our country on a path to long-term fiscal sustainability and avoid a major financial crisis. The bipartisan group of senators has demonstrated remarkable leadership, courage and determination in developing a comprehensive package which includes spending cuts and revenue reforms to address our structural deficits. These six senators have done what we need all of our elected leaders to do: come together on a comprehensive bipartisan plan that addresses America’s long-term deficits in a big way.”
About the Peter G. Peterson Foundation
The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization established by Pete Peterson – businessman, philanthropist, and former U.S. Secretary of Commerce. The Foundation is dedicated to increasing public awareness of the nature and urgency of key long-term 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
Budget Resolution Relies on Overly Optimistic Assumptions About Discretionary Spending
Future discretionary spending cuts, which cannot technically be included in reconciliation bills, are difficult to achieve as credible offsets.
Top 10 Reasons Why the National Debt Matters
At $36 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.
What Are Refundable Tax Credits?
The cost of refundable tax credits has grown over the past several years, with the number and budgetary impact of the credits increasing.