Peterson Solutions Initiative II Lowering Debt Held by the Public
Created on November 16, 2012
PROJECTED DEBT HELD BY THE PUBLIC IN 2037 AS A PERCENTAGE OF GDP
The Heritage Foundation’s plan to fix the debt, cut spending, and restore prosperity, “Saving the American Dream,” would lower U.S. debt held by the public to 28 percent of GDP in 25 years—far below levels reached by four other policy institutions’ plans.
The Heritage Foundation 28%
Center for American Progress 40.4%
Bipartisan Policy Center 64.8%
Economic Policy Institute 66.3%
Source: Peter G. Peterson Foundation, “The Fiscal Cliff and Beyond: The Solutions Initiative II,” November 2012, p. 4, http://www.pgpf.org/fiscalcliff/solutionsinitiative (accessed November 16, 2012).