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“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/03/statement-on-cbo-2017-long-term-budget-outlook
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.
A Congressional Budget Resolution is a “blueprint” that guides fiscal decision-making in the Congress.
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
“America faces a new and uncertain landscape,” President and CEO Michael Peterson said — noting the challenges and opportunities related to our nation’s fiscal and economic out-look.
Our fiscal imbalance crowds out priorities, threatens our economic health, increases the likelihood of a fiscal crisis in the future, and will inhibit our ability to deal with such a crisis if it comes.
Foundation President and Chief Executive Officer Michael Peterson delivered opening remarks for the Fiscal Summit, setting the tone for the day’s program.
This panel featured perspectives from Representative Tom Reed (R-NY) and Representative Derek Kilmer (D-WA) from the Problem Solvers Caucus — a unique, bipartisan group in the U.S. House of Representatives that seeks areas of common ground.
Foundation Chairman and CEO Michael Peterson opened the Summit by reflecting on the passing of his father, who established the Foundation in 2008 to help build a sustainable fiscal foundation for the nation to support economic growth and widely shared opportunity.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2018-fiscal-summit/remembering-pete-peterson