Peter G. Peterson on his Participation in The Giving Pledge
Peter G. Peterson gives a statement on his participation in The Giving Pledge.
https://www.pgpf.org/press-release/peter-g-peterson-on-his-participation-in-the-giving-pledge
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Peter G. Peterson gives a statement on his participation in The Giving Pledge.
https://www.pgpf.org/press-release/peter-g-peterson-on-his-participation-in-the-giving-pledge
"Even as both parties dream of sweeping the next election and imposing their own solution, the reality is that massive deficit reduction legislation requires bipartisan buy-in for public legitimacy and political sustainability," writes Brian Riedl.
Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.
https://www.pgpf.org/analysis/long-term-implications-of-the-budget-control-act-of-2011
One issue that most lawmakers and voters agree on is that our tax system needs reform.
https://www.pgpf.org/infographic/how-the-us-tax-system-works
Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
Michael A. Peterson pens an op-ed about debt goals for the U.S. for POLITICO.
https://www.pgpf.org/press-release/op-ed-a-real-debt-goal-60-percent-by-2030
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2023
“Today’s CBO report demonstrates America’s dangerous and irresponsible fiscal path. Deficits will soon reach $1 trillion annually and grow from there, with no end in sight or plan for the future," Michael A. Peterson, CEO of the Peter G. Peterson Foundation
“Now that our economy has significantly recovered, it is the perfect time to begin a process to get our fiscal house in order," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
Federal trust funds bear little resemblance to their private-sector counterparts.
https://www.pgpf.org/budget-basics/budget-explainer-what-are-federal-trust-funds