Audio/Visuals: Health-care sacrifice

"Because we've become a country where shared sacrifice is not just politically incorrect, it's politically terminal, we aren't being asked to cut health-care costs in any tangible way," says Peter G. Peterson, MBA'51, cofounder of the Blackstone Group and author of The Education of an American Dreamer. "I would have much preferred that the president say, 'Yes, we need universal health care, but we also need to cut health-care costs, and here's the sacrifice we're going to have to make.'"

June 10, 2009