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.
Support the goal of reducing the annual federal budget deficit to 3 percent of U.S. gross domestic product.
Occurrences
just last month, I joined my colleagues in introducing a resolution that says by 2030 we must lower our deficit to only 3 percent of GDP.
Evidence
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In March, Senators Kevin Cramer (R-ND) and Angus King (I-ME) were joined by Senators Dave McCormick (R-PA) and Gary Peters (D-MI) to introduce a near identical version.
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U.S. Senator Gary Peters (MI) took to the Senate floor to share his concerns about the growing national debt and urge his colleagues to work in a bipartisan way to address this serious issue.
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U.S. Senator Gary Peters (MI) returned to the Senate floor to give his second speech in a series of remarks focused on the importance of addressing the growing national debt.
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U.S. Senator Gary Peters (MI) took to the Senate floor again today to highlight the United States’ growing national debt, which recently eclipsed $38 trillion for the first time in U.S. history, and its impacts on everyday Americans.
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U.S. Senator Gary Peters (MI) spoke on the Senate floor today to voice his opposition to the Republican budget and the need to reach a bipartisan agreement on tax reform that benefits middle class families without raising the deficit.
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U.S. Senators Gary Peters (D-MI) and Elissa Slotkin (D-MI) recently urged their Republican colleagues to engage in bipartisan, good-faith negotiations to reduce the deficit and keep costs down for hardworking Michigan families ahead of upcoming debates over the federal debt ceiling and tax reform.
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U.S. Senator Gary Peters (MI), who serves on the Senate Appropriations Committee and is Chair of the Homeland Security and Governmental Affairs Committee, today released the following statement on President Biden’s budget proposal for Fiscal Year 2024.
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U.S. Senator Gary Peters (MI) today released the following statement on President Biden’s budget proposal for Fiscal Year 2023, which would significantly support priorities vital to Michigan, including: PFAS contamination remediation, strengthening critical infrastructure, protecting the Great Lakes, expanding domestic manufacturing, investing in American workers, and bolstering our national defense among other efforts.
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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.
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The resolution states that the United States should reduce and maintain the federal unified budget deficit at or below 3 percent of gross domestic product; it was introduced and referred to committee.
Assessments
The promise was to support the goal of reducing the annual federal budget deficit to 3 percent of GDP, not necessarily to achieve that fiscal outcome. Peters publicly advocated deficit reduction and helped introduce a bipartisan Senate resolution endorsing the 3 percent deficit-to-GDP target by 2030 during his current federal term. Because the promised action was support for the goal, his sponsorship/advocacy satisfies the commitment even though the resolution itself had not been enacted and the deficit target had not yet been reached.
The evidence indicates that Senator Peters actively advocated for deficit reduction, supported relevant resolutions, spoke repeatedly on the Senate floor, and urged bipartisan action for addressing the deficit. However, there is no evidence that the specific goal of reducing the annual federal budget deficit to 3 percent of GDP was achieved during his term. Despite substantial visible effort and legislative attempts, the outcome itself was not realized.