Blogs

An economically "sustainable" debt is one that does not rise faster than our means to ultimately pay it off. So federal deficits as a share of our economy should ideally be no larger than the economy’s growth rate.We must focus…

Hundreds of people gathered in several cities around the country last week to wrestle with the difficult decisions that are needed for the federal government to rein in future deficits while still meeting its fundamental responsibilities.The events were hosted by…

Scaling back government subsidies in the tax code, as recommended by a number of bipartisan panels, remains a central issue in the debate over federal deficit reduction.In her latest column for Tax Notes, Concord Coalition Chief Economist Diane Lim Rogers…

The Congressional Budget Office (CBO) released projections last week that Concord Coalition Executive Director Robert L. Bixby said confirms that federal finances “are on an unsustainable course that threatens our economic future, risks turmoil in the financial markets, and burdens…

Lawmakers received a stark warning last week from a host of prominent economic and federal policy experts: The mere prospect of a U.S. default could raise interest rates, forcing taxpayers to pay many billions of dollars more on the government’s…

After a week-long recess, the House continued last week to make progress on FY 2012 appropriations bills. The second and third bills to clear the House were for Military Construction/ Veterans Affairs and Agriculture.The House Appropriations Committee completed action on…

Vice President Joe Biden says the budget talks he chairs are “getting down to the hard stuff” and aiming to curb deficits by $4 trillion over the next decade or so. That's ambitious goal which would be hard to achieve…

In an encouraging vote last week, a bipartisan Senate majority approved a repeal of the ethanol tax credit. Although the repeal is not expected to become law, the 73-27 vote raised the possibility of further bipartisan agreement on the elimination…