Statement from Foundation Chairman Pete Peterson on New Simpson-Bowles Deficit-Reduction Framework
“Alan Simpson and Erskine Bowles have again shown tremendous leadership in focusing the public’s attention on our nation’s serious long-term fiscal challenges and keeping all options on the table as they seek bipartisan solutions. Simpson and Bowles make clear that improving economic growth and addressing our long-term fiscal challenges is not an either-or proposition. We can and must do both. Simpson and Bowles are offering Washington a way beyond its current impasse with a new, comprehensive framework to strengthen the economy, reform the tax code, and fix the major drivers of long-term debt. Their ideas deserve serious consideration in Congress and at the White House.”
Further Reading
Quiz: How Much Do You Know About the Federal Budget?
A strong fiscal outlook is an essential foundation for a growing, thriving economy. Take our quiz to see how much you really know about the federal budget.
What Is SNAP? An Overview of the Largest Federal Anti-Hunger Program
SNAP has a positive effect on poverty and food insecurity, with a relatively small effect on the federal budget.
Four Reasons Why a Government Shutdown Is Harmful
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.