Zach Nunn: “Pete Peterson has spoken out on this subject and been a stalwart in trying to bring these matters to the attention of…”

“Pete Peterson has spoken out on this subject and been a stalwart in trying to bring these matters to the attention of the American people. He had a recent article, and I will quote from the Atlantic Monthly article: The long great wave of baby boomers retiring could lead to an all-engulfing economic crisis unless we balance the budget, rein in senior entitlements, raise retirement ages and boost individual and pension savings. Yet politics of both parties say that most of the urgently necessary reforms are off the table. Mr. President, we have to take these matters and put them on the table. That is what we seek to do here today. I have great faith in the American people. I think they have good judgment. With the facts, I think they will make fair judgments. I believe if we present the American people with the facts about our future, they will support sensible and fair conclusions what we must do today if we are to preserve the future for our children and for our grandchildren.”