The Concord Coalition @ConcordC
We educate, engage and empower citizens with credible, nonpartisan information on the risks and consequences of growing federal debt and fiscal policies. concordcoalition.org Washington, DC Joined April 2009-
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Congress doesn’t pass budgets anymore. On Facing the Future, former Sen. Kent Conrad explained how the process once worked with vigorous debate but always with a result. Now, he says, lawmakers dodge responsibility with serious consequences. 🎥 Watch:
We need about $7.5 trillion of 10-year deficit reduction to get deficits down to the 3% of GDP target
September 21 was Deficit Day, when Washington ran out of tax revenue. Every dollar since has been borrowed. That means higher interest costs, more inflation, and less room to maneuver in the next crisis.
The US national debt is on an unprecedented and unsustainable trajectory that will require ever-greater borrowing and larger interest payments on what is borrowed. These interest payments will, in turn, consume a larger part of the budget, and all Americans will pay the price.…
What happens when Congress fails to pass a budget? On Facing the Future, former Sen. Kent Conrad warns of the dangers of a broken budget process, runaway debt, and looming Social Security insolvency. He also laid out a potential path forward. 🎧 concordcoalition.org/facing-the-fut…
Every single day, America spends $2B just on interest payments to service the debt. 💸 That’s money we can’t use for schools, infrastructure, or national defense - because we’re paying for yesterday’s bills. This path is unsustainable. We need real solutions now.
The population is shrinking and we need immigration. @BudgetModel research shows that a health insurance purchase mandate for new immigrants would improve the risk pool and lower premiums by nearly 27% which will help lower our federal deficit @KentOnMoney bit.ly/4mGOfMs
Bond markets have two equilibriums: higher deficits vs future debt & how much bond markets believe in repayment in true purchasing power over monetization. This imbalance explains the higher premium on US debt vs British & Italian debt, per @KentOnMoney youtube.com/watch?v=WEYOt_…
The national debt isn’t a distant problem. It’s a crisis unfolding right now. 📉 At over $37T and climbing, the US #NationalDebt threatens our economy, our security, and our future. We must act with urgency and responsibility to put our nation back on a sustainable path.
63% of higher-paying computing and math-related positions stand to be replaced by AI! How much impact will AI have on your sector of the economy? What does this mean for workers? @BudgetModel @KentOnMoney explains on Facing the Future. youtube.com/watch?v=K8MYDP…
For the first time in our nation’s history, we’re on track to leave the next generation a weaker America. With another $20T in debt expected over the next decade, the choices we make today will define the future we hand to our children. It’s time to change course.
Is it possible to grow our economy while returning to fiscal responsibility? @KentOnMoney thinks so! Join us on Facing the Future to learn more, and hear about economic and federal budget deficit impacts of AI from @BudgetModel research. 🎧 Listen: concordcoalition.org/facing-the-fut…
🎉The Concord Coalition turns 33 today! For 33 years, we’ve worked to shine a light on one of America’s biggest challenges, the $37T #NationalDebt. It’s more than numbers. It’s about choices that shape our economic future. Join us in building a stronger future.💰
Investors are demanding higher returns on U.S. debt, signaling concerns about the long-term trajectory of borrowing. Caleb Quakenbush on Facing the Future: This means higher costs for the government, taxpayers, and even businesses and consumers. 🎙️: youtube.com/watch?v=ieQuxr…
Who really bears the burden of tariffs? Caleb Quakenbush of the Bipartisan Policy Center on Facing the Future explains that the cost can fall on households, businesses, or workers, depending on how prices, profits, and hiring adjust over time. 🎙️ Watch: youtube.com/watch?v=Hf0o7h…
.@RachelSnyderman on Facing the Future: The administration’s “pocket rescissions” allow funds to be withheld late in the fiscal year, creating legal uncertainty and raising questions about whether bipartisan deals could be undone. 🎙️ Listen: youtube.com/watch?v=ht9ydM…
This week on Facing the Future: ➡️Looming shutdown & CR debate ➡️Tariff revenues could hit $200B this year ➡️“Pocket rescission” heads to the courts With @RachelSnyderman & @cbquakenbush of @BPC_Bipartisan. 🎧 Listen: tinyurl.com/53mr4wkt
Congress faces a looming funding deadline and health care is on the line. As @RachelSnyderman noted on Facing the Future, if pandemic-era tax credits expire, premiums could rise nationwide, making health care a key 2026 election issue.🎙️: youtube.com/watch?v=fnVRjY…
Can Congress pass a Balanced Budget Amendment? On Facing the Future, Kurt Couchman says inclusive votes on competing proposals, like in 1995, are key to restoring bipartisan consensus and moving the conversation forward: youtube.com/watch?v=dp8BQu…
What is a principles-based Balanced Budget Amendment? On Facing the Future, Kurt Couchman explains how broad principles plus flexible legislation let Congress achieve balance while keeping the Constitution simple: youtube.com/watch?v=_H_vs-…
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