Peter Orszag
Peter Orszag
Peter Richard Orszagis an American banker and economist, and a Vice Chairman of investment banking and Managing Director at Lazard. He is also a columnist at Bloomberg View and a Nonresident Senior Fellow at the Brookings Institution...
NationalityAmerican
ProfessionEconomist
Date of Birth16 December 1968
CountryUnited States of America
reflects requires spending
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.
associated burden costs depend fiscal health higher imposed key primarily problem rising system tackle whether
I have young kids. The fiscal burden that will be imposed on them is going to depend primarily on whether we tackle this looming problem in our health care system - with rising costs that don't seem, by the way, to be necessarily associated with higher quality. That is the key burden that they will face.
accounts creating fully rather system using work
We're not fully using those accounts and they're not working as well as they could. Let's take those accounts we already have and make them work better, rather than creating a new system of accounts.
cases severe targeted
are going to be better targeted to the severe cases of hardship.
destroy order save shore
We should shore up the program, but we don't need to destroy it in order to save it.
almost baby becomes boomers bulk falling forward fully impossible move past sustain
As you move forward in time, more and more of the baby boomers get fully protected. Past 2009, the bulk of the baby-boom (generation) is falling under that protection, and it becomes almost impossible to sustain that assurance.