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
How Does the National Debt Impact Affordability? One of the defining issues of the 2026 mid-term election is affordability. Over the past few years, people have been economically squeezed by two major forces: high inflation and rising interest rates. Inflation surged to 9% in 2022 and was above 5% from May 2021 to March 2023. Inflation is currently running at an annual rate of about 3.7%, well above the Federal Reserve’s target of 2%. At the same time, interest rates…
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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
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Concord Action: With Four Weeks to Election Day, Voters “Care Deeply” About Fiscal Issues
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ICYMI: Who Dropped the Ball on the $40 Trillion Debt?
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The New Fiscal Year Begins With $40 Trillion Debt
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The New Buyers of U.S. Debt: Why Treasury Ownership Matters More Than Ever
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.
