Peterson Foundation Issues Statement on President Trump State of the Union Address
February 06, 2020
February 06, 2020
NEW YORK, Feb. 6 -- The Peter G. Peterson Foundation issued the following statement on Feb. 4 by CEO Michael A. Peterson in advance of President Trump's State of the Union Address:
"By any measure, the state of the Union's fiscal outlook is unsustainable, and getting worse. Our national debt is more than $23 trillion and this year's budget deficit will reach $1 trillion. We already spend a staggering $1 billion every day just on interest, and it will double in 10 years.
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"By any measure, the state of the Union's fiscal outlook is unsustainable, and getting worse. Our national debt is more than $23 trillion and this year's budget deficit will reach $1 trillion. We already spend a staggering $1 billion every day just on interest, and it will double in 10 years.
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