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Tuesday, June 16, 2009

The moment is long overdue for us to become moral and worthy ancestors. Peter G. Peterson

I will not be advocating Mr. Peterson’s foundation only because I haven’t investigated it thoroughly.

However, I am advocating his statement that “the moment is long overdue for us to become moral and worthy ancestors.”

Peter G. Peterson cofounded the Blackstone Group and at age 81 became an instant billionaire.

He didn’t want to sit on his butt and throw his money away on silly things like yachts. He wanted to do good like the philanthropists he admired. He wondered, “But to which worthy cause would I direct my money?”

Mr. Peterson decided to commit $1 billion to the Peter G. Peterson foundation. The Foundation’s mission is to bring awareness to economic challenges threatening America. The goal is to bring Americans “together to find sensible, sustainable solutions that transcend age, party lines and ideological divides in order to achieve real results.”

Read more here: http://www.pgpf.org/

Mr. Peterson had this to say about our broken political system, “Our representatives, unlike our Founding Fathers, see politics as a career. As a result, they are focused not on the next generation, but on the next election….Too often, our political leaders are just enablers, co-conspirators in a disingenuous and greedy silence. Our children are unrepresented. The future is unrepresented. The moment is long overdue for us to become moral and worthy ancestors. So I decided to set up a different kind of foundation, one that would focus on America's key fiscal-sustainability challenges. The fact is, for most of these challenges, there are workable solutions. Our problem is not a lack of such options. It is a lack of will to do something about them.”

More from his Newsweek article here: http://www.newsweek.com/id/200075

You have to admire the goal of getting our country out of debt and preserving a future for our children.

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