Statement from Foundation Chairman, Pete Peterson, on the President’s Remarks

FOR RELEASE

Nov 9, 2012

CONTACT


Peter G. Peterson Foundation press@pgpf.org

“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

What Is the Primary Deficit?

The primary deficit is the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.