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Blackstone’s Peterson Warns About U.S. Debt After Winning Award

Against a backdrop of exhibits at New York’s Museum of American Finance highlighting the U.S.’s financial history, Blackstone Group LP Chairman Emeritus Peter G. Peterson told patrons and supporters of the museum that the country’s future could be harmed by its national debt.

“I think the American dream is threatened,” Peterson, 84, said last night to about 170 attendees at the Wall Street museum’s 2011 gala dinner. “It’s very important that we start educating the country about why this is important.”