Statement from Foundation Chairman, Pete Peterson, on the President’s Remarks
Statement from Foundation Chairman, Pete Peterson, on the President’s Remarks
“It’s encouraging to hear that the President and Congressional leaders will be meeting next week to discuss the urgent fiscal issues facing the country. Since the election, we’ve heard positive signs that our leaders in Washington are moving toward compromise.
The fiscal cliff represents an important moment of opportunity — the wide consensus against the cliff can be the foundation for agreement on a bipartisan long-term fiscal plan. With the elections over, it’s time to get down to work on a comprehensive plan that protects the economy in the short term and stabilizes debt over the long term.”
Further Reading
The Four Key Institutions in the Federal Budget Process
Four institutions provide the analytical foundation for nearly every federal budget decision.
How Rising National Debt Drives Up Interest Rates — and What That Means for Americans
By adding upward pressure to interest rates, the rising national debt can increase the cost of living for American households.
Social Security Reform: Lessons From the Greenspan Commission
As the conditions of the 1980s mirror that of today, a commission is a viable and helpful framework worthy of consideration.