This edition: Pete Peterson, Blackstone GroupTweet
Original tape date: March 3, 2005.
It's hard to know what to believe. Either the social security system is in a crisis and needs to be fixed immediately, or it isn't. Either personal savings accounts are an essential part of saving social security, or they aren't. Either the budget deficits are building up or going to trigger an international financial meltdown, or they won't. Pete Peterson, author of “Running On Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It,” helps us figure out what to believe.