WASHINGTON, April 8 -- Sen. Gary Peters issued the following press release:
U.S. Senator Gary Peters (MI) helped introduce a bipartisan resolution supporting the goal of reducing our annual federal budget deficit to 3 percent of U.S. gross domestic product (GDP) by 2030. Years of imbalance between federal spending and revenues have resulted in rapidly accumulating national debt, threatening future economic growth. This resolution would help to set a sustainable deficit target and stabilize our fiscal trajectory.
"Our national debt is growing at an alarming pace. It's past time for Congress to treat this serious issue with the attention it deserves," said Senator Peters. "Our current trajectory is simply unsustainable, so I am proud to hel...