Our Unsustainable Debt
US NATIONAL DEBT:
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America’s national debt is now over $40 trillion. That’s more than $117,000 for every person in America. Learn how we got here and where we are headed if we don’t act now.
The Latest
With the midterm elections behind us, a major challenge for the newly elected or re-elected senators is that Social Security's looming financing shortfall is not a distant challenge. According to current projections, the Old-Age and Survivors Insurance (OASI) trust fund will be depleted around 2032, within the term of any senator elected on Nov. 3. Absent congressional action, beneficiaries would face an automatic across-the-board benefit reduction of roughly 22 percent. As a result, lawmakers entering office now will almost certainly…
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Concord Action: It’s Time for Both Parties to Take Up the Mantle of Fiscal Responsibility
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Understanding the Debt Spiral: How It Could Unfold in the United States
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Inflation, Debt & Unfunded Promises
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How Does the National Debt Impact Affordability?
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ICYMI: Defense Experts Weigh $1.5 Trillion Pentagon Budget Against Federal Fiscal Challenges
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Bourdeaux in NY Times: Warns $2 Trillion Deficit Is Already Hitting Americans
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Bourdeaux to Reuters: Deficits Remain High While Borrowing Costs Escalate
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ICYMI: Carolyn Bourdeaux on NPR: Federal Deficit Hits Nearly $2 Trillion
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Concord on Latest “Unsustainable” Deficit Numbers: “America Careening Toward Ominous Fiscal Crisis”
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Understanding the Two Major Fiscal Commission Proposals
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Another Fiscal Year, Another $2 Trillion Hole
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France’s Bond Market Warning: A Fiscal Risk the U.S. Should Not Ignore
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Concord Action: “Disappointing” That First Maine Senate Debate Ignored Fiscal Issues
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As Maine U.S. Senate Debates Begin, Fiscal Issues Should Take Center Stage
Who We Are
Concord Action
Concord Action is a growing grassroots movement of Americans who care deeply about our economy and fiscal outlook. Our supporters worry that America’s unsustainable national debt is contributing to inflation, driving higher interest rates, threatening our security and creating an unfair burden for our future. We believe we must change course before our country is bankrupt.
Stand with us to demand lawmakers stop adding to our unsustainable debt.
