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Pete Peterson

The Simpson-Bowles Deficit Hysteria Sideshow Debuts On Fox

Bill Scher | Posted 05.25.2011 | Politics
Bill Scher

Erskine Bowles and Alan Simpson claim to be leading a "just-the-facts" dialogue, yet they seem unaware of the fact that we just passed the biggest deficit reduction bill in history, known as "health care reform."

Here Comes Wall Street's Attack on Social Security

Mark Miller | Posted 05.25.2011 | Politics
Mark Miller

Former CEO of Lehman Bros. convenes a fiscal summit for aggressive cuts in Social Security and Medicare benefits. In a hard times economy, we need to protect Social Security's future.

"Deficit Reduction Blindness" Syndrome Plaguing New York Times

Bill Scher | Posted 05.25.2011 | Media
Bill Scher

Deficit Reduction Blindness blocks your ability to see a government reduce a budget deficit without also seeing massive pain inflicted upon its people.

The Definitive Case Against Privatizing Social Security

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

With the current Social Security program you give the government your dollars now, and it gives you back dollars later. That is exactly what happens when you buy a government bond.

With More Deficit Hysteria Propaganda, CNN Becomes "Most Busted Name In News"

Bill Scher | Posted 05.25.2011 | Media
Bill Scher

CNN proceeded this weekend with its planned four hours of unchallenged deficit hysteria propaganda, fueled by the leading attacker of Social Security and Medicare, Pete Peterson, and his acolytes.

Baby Boomers, Fiscal Peril, and the Agenda of Pete Peterson's Summit

Brent Green | Posted 05.25.2011 | Politics
Brent Green

Warren Buffet has wisely observed that the proposed fiscal crisis due to entitlement spending does not take into full consideration expansion of the economy over the coming years.

Fiscal Folly

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

The more immediate problem facing the economy is the high unemployment rate, the risk of a largely jobless recovery, and a lost generation of prosperity.

Rand Paul Has a Blunt Instrument for Fixing Social Security

Mark Miller | Posted 05.25.2011 | Politics
Mark Miller

Paul's position on Social Security is part of a much broader well-orchestrated, fact-free attack on Social Security from Wall Streeter Pete Peterson, the Tea Party and others on the right.

Former Obama Advisors Call Out His Hedge Fund-Staffed Deficit Commission

Jane Hamsher | Posted 05.25.2011 | Politics
Jane Hamsher

It appears there are no new ideas circulating within Obama's deficit commission. Just the long, patient plans of hedge fund billionaires who want to dismantle the social safety net and not pay their taxes.

Peterson's Deficit "Budgetball": The Fountainhead Meets Death Race 2000

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

For anyone who's really concerned about government deficits, Pete Peterson's one-sided approach is incomprehensible. Unless, of course, he's acting in pure Randian self interest on behalf of himself and his peers.

Washington Post Joins Wall Street Sneak-Attack On Social Security

Dave Johnson | Posted 05.25.2011 | Media
Dave Johnson

At the end of the year the Washington Post published as "news" a story that pushed the idea of "a special commission to make the tough decisions that will be required to dig the nation out of debt."

Pete Peterson Is An Ideologue, Not an Oracle

Bill Scher | Posted 05.25.2011 | Media
Bill Scher

The New York Times reported today on the Fiscal Times scandal that has the Washington Post on the defensive. And the NYT framed the controversy in exactly the right way (emphasis added).

The Washington Post: Always Fighting the Wrong War

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

If the Washington Post will outsource financial reporting to an anti-spending conservative, why wouldn't they outsource their health reform reporting to ... insurance companies?

Pete Peterson, Blackstone's Honcho, Roasts At The Four Seasons

New York Post | Posted 05.25.2011 | Business

BLACKSTONE Group billionaire Pete Peterson commissioned professional help to roast Julian Niccolini and Alex von Bidder as they marked the 50th annive...

The Real Grand Bargain

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

A long term discussion of America's finances could help Americans look beyond the crisis, defining where we need to go and how, in the long term, we'll pay for it.

I.O.U.S.A. - Fury at (GOP) Fiscal Fiasco

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

I.O.U.S.A., the movie, makes you angry about America's debts. It doesn't dwell on which political party is most to blame. But the record is pretty cle...

America's 50 Richest Paydays: Who, What, and How Much

Vanity Fair | Peter Newcomb | Posted 05.25.2011 | Business

You won't find Oprah Winfrey on the list. Nor will you find the legion of hedge-fund managers who routinely collect hundreds of millions in any given ...

Blackstone Co-Founder Peterson On Wealth, McCain, And Fiscal Responsibility

Portfolio | Lloyd Grove | Posted 05.25.2011 | Business

Peter G. Peterson is a man of parts: leveraged-buyout billionaire, policy wonk, social lion, and--most recently--the patron of an ambitious new founda...

Ten Smartest CEO Moves Of 2007

Portfolio | Liz Gunnison | Posted 05.25.2011 | Business

The bottom has dropped out of the banking business, brokerages are floundering, home foreclosures are soaring, and the threat of recession looms. What...