The Peterson-Pew Budget Commission met from 2009 to 2011 to make recommendations about how to improve the nation’s fiscal future. This site is historical and not regularly updated.

Testimony: Perspectives on Long-Term Deficits

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Testifying on long-term deficits before the House Budget Committee, Maya MacGuineas stated that "what was once a long-term fiscal problem has become an immediate one." She also explained that "we no longer have time on our side," and that the economic risks of doing nothing are tremendous. The best approach would be to immediately commit to and develop a credible plan to stabilize the debt, with policies phasing in gradually as the economy recovers. 

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