Michael A. Peterson Releases a Statement on the President’s Budget
“By putting Social Security and health care reforms on the table, President Obama’s budget opens the door to fresh discussions about a comprehensive long-term plan that finally gets America’s fiscal house in order.
“Now that we have budgets from the House, the Senate and the Administration, it is in the best interests of the country for Democrats and Republicans to re-double their efforts to overcome their differences.
“The goal of any sustainable fiscal policy is to stabilize debt as a share of the economy and put it on a downward path. While the inclusion of these reforms is an important step, additional reforms beyond the measures in the President’s budget will be needed to stabilize the debt over the long term.
“It’s time to set ideology aside and make the tough choices to solve our fiscal challenges to build confidence and lay a strong foundation for future prosperity.”
Further Reading
Three Key Things to Know about CHIP
The Children’s Health Insurance Program is a key piece of the social safety net. Let’s take a look at what CHIP is, how it is financed, and who benefits from it.
A State-by-State Look at the Threat of Social Security’s Looming Insolvency
Should Social Security’s primary trust fund be allowed to deplete, the economic consequences will be felt by millions of households.
In Their Own Words: Debt a Critical Issue for Voters in 2026 Election
Voters understand that the national debt has become too big to ignore as a major factor in America’s affordability crisis.