Peter G. Peterson Foundation Airs First National TV Ad as Part of $1 Million-Plus Awareness Campaign on Fiscal Challenges Facing America

NEW YORK, Feb. 20 /PRNewswire/ -- The Peter G. Peterson Foundation is pleased to announce that its first national television ad will run on Sunday, February 22 as part of a $1 million-plus public education campaign aimed at raising awareness of America's fiscal challenges.

The awareness campaign was first announced at a February 5 Capitol Hill press conference by Foundation President and CEO David M. Walker, the former U.S. Comptroller General from 1998-2008, who was joined by Sens. Kent Conrad (D-N.D.) and George Voinovich (R-Ohio) and Reps. Jim Cooper (D-Tenn.) and Frank R. Wolf (R-Va.).

The TV ad will air during Sunday morning public affairs programming in advance of President Barack Obama's Fiscal Responsibility Summit on Monday, February 23. Additionally, as part of the awareness campaign, the Foundation will continue to advertise in The New York Times, The Washington Post, Politico, Roll Call, and other publications. Both the print and TV ads can be downloaded at: http://www.pgpf.org/newsroom/MainFeature/feb20/.

    The text of the TV ad is below:

           SMALL ICEBERG LOOMS UP, GOES PAST.
           Voiceover: "Everyone's focused on the obstacles now facing our
           economy."

           MUCH BIGGER ICEBERG LOOMS UP.  IT IS HUGE.
           "But there's a much larger threat: $56 trillion dollars in unfunded
           retirement and health care obligations, and the over-reliance on
           foreign lenders that endanger us all."

           Screen Shot: $56 TRILLION
           Screen Shot: $483,000 PER U.S. HOUSEHOLD
           STEERING AWAY FROM ICEBERG.
           Screen Shot: BIPARTISAN COMMISSION
           "An action-oriented bipartisan commission would begin to steer us
           in the right direction."

           FINAL SHOT OF CLEAR SEAS, BLUE SKY AHEAD, ICEBERGS NOW IN
           BACKGROUND.
           "America must chart a more responsible fiscal course, to navigate a
           brighter future for our children and grandchildren."

           Screen Shot: (LOGO) Peter G. Peterson Foundation www.pgpf.org

Since its launch in July 2008, the Peter G. Peterson Foundation has invested nearly $11 million in grants to raise awareness of, and seek solutions to, the fiscal challenges posed by the rising costs of health care and retirement and a near-zero household savings rate. The Foundation also distributes the critically acclaimed feature documentary "I.O.U.S.A.", which tells the story of the rapidly growing national debt and its consequences for the U.S. economy.

About the Peter G. Peterson Foundation:

Founded by the former senior chairman of The Blackstone Group with a commitment of $1 billion, the Foundation is dedicated to increasing public awareness of the nature and urgency of key economic challenges threatening America's future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see www.PGPF.org.

SOURCE Peter G. Peterson Foundation



RELATED LINKS
http://www.pgpf.org
http://www.pgpf.org/newsroom/MainFeature/feb20/

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