(Arlington Va. - July 2, 2026) - As we prepare to celebrate 250 years of independence, Americans face a much bleaker national milestone: a federal debt soon expected to exceed $40 trillion. In a new op-ed in The Washington Times,…
Concord Action welcomes a variety of viewpoints on issues related to the long-term fiscal health of the nation. The following is a guest essay written by Concord Fiscal Lookout Owen Paepke who is the author of The Evolution of Progress…
How Social Security Contributes to Debt and Deficits? The Social Security Trustees released their annual report on June 9, offering the clearest picture yet of the program’s financial outlook—and its growing impact on the federal budget. Social Security remains the…
(June 9, 2026 – Arlington, Va.) -- Concord Action Executive Director Carolyn Bourdeaux released the following statement in response to today’s Social Security Trustees Report: “Today's report delivers an urgent warning that lawmakers across the political spectrum must take…
WASHINGTON — (June 3, 2026) — Concord Action today hosted its first-ever National Volunteer Debt Summit in Washington, D.C., bringing together dozens of grassroots fiscal watchdogs for meetings with key members of Congress and budget experts. The event kicked…
America’s federal debt held by the public is now larger than the entire U.S. economy — a level never reached in peacetime. And unless policymakers change direction, the debt is on track to climb far higher in the years ahead.…
Another Week, Another Deficit‑Increasing Reconciliation Bill Congress is preparing to vote this week on a new reconciliation package that would add $72 billion to the deficit for immigration enforcement. Lawmakers are also considering a reconciliation bill later this year…
With gas prices rising due to the Iran war choking off the flow of oil through the Strait of Hormuz, some lawmakers have revived calls for a federal gas tax holiday. The idea is simple: suspend the 18.4 cent per…
WASHINGTON, D.C. – May 14, 2026: Concord Action Executive Director Carolyn Bourdeaux issued the following statement regarding the U.S. Senate’s approval of a resolution (S. Res. 526) that will block senators’ paychecks during future federal government shutdowns: “The U.S. Senate…
Can Taxing on the Ultra‑Wealthy Fix the Debt Problem? The United States is borrowing more money faster than at almost any point in modern history. The national debt now exceeds the size of the entire U.S. economy, and interest costs…
For the eighth year in a row, the Department of Defense (DoD) failed to receive a clean audit — a requirement under the Chief Financial Officers (CFO) Act of 1990, which mandates annual independent audits to strengthen accountability and public…
