Blogs and Stories
American Dreamer: The Director's Cut
They had learned from their wartime and Depression experience that shared sacrifice was a must—so were high personal savings. It is one thing to owe this debt to ourselves. It’s quite another to owe it to foreign lenders. Our projected foreign debt and lack of savings is unsustainable and dangerous. The loss of foreign lenders' confidence in America’s getting its fiscal house in order could certainly trigger a crisis—indeed, a super-subprime crisis!
JS: What is your dream of America?
PGP: I dream that America again stops denying the future and takes responsibility for it. I dream of an America that once again provides the next generation the same opportunity to realize the American dream that my generation had. On our current course, America’s young, and their parents, do not feel that the opportunity is there for them and, on the current path, they are right. If we were to permit this to happen, after my good fortune, that would be my American nightmare. And I am an American Dreamer, you know.
Plus: Check out Book Beast, for more news on hot titles and authors and excerpts from the latest books.
Peter G. Peterson is chairman emeritus and cofounder of The Blackstone Group, chairman emeritus of the Council on Foreign Relations, founding chairman of the Peterson Institute for International Economics, founding president of The Concord Coalition, and retired chairman of the Federal Reserve Bank of New York. He is also the founding chairman of the Peter G. Peterson Foundation. His most recent book, Running on Empty, was a national bestseller.
John Talks Joe
Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
Obama, the Un-decider
Lee Siegel has written about culture and politics and is the author of three books: Falling Upwards: Essays in Defense of the Imagination; Not Remotely Controlled: Notes on Television; and, most recently, Against the Machine: Being Human in the Age of the Electronic Mob. In 2002, he received a National Magazine Award for reviews and criticism.
My Sober Celebration With Nixon
Peter G. Peterson is chairman emeritus and cofounder of The Blackstone Group, chairman emeritus of the Council on Foreign Relations, founding chairman of the Peterson Institute for International Economics, founding president of The Concord Coalition, and retired chairman of the Federal Reserve Bank of New York. He is also the founding chairman of the Peter G. Peterson Foundation. His most recent book, Running on Empty, was a national bestseller.
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