Blogs

President Obama’s proposed budget for Fiscal 2012 is oddly complacent for a situation that requires anything but complacency. It would, at best, temporarily stabilize federal deficits and debt (as a percentage of GDP) later in the decade at roughly twice…

I’m thrilled to announce that The Concord Coalition is laying the groundwork for the 2011 session of The Peter G. Peterson Foundation Fiscal Internship Program. Piloted last year, this program awards stipend-supported internships focused on fiscal issues at different public…

Representatives Jim Cooper (D-TN), Aaron Schock (R-IL), Mike Quigley (D-IL) and Joe Walsh (R-IL) have introduced legislation (H.R. 606) creating a sunset commission to help eliminate duplicative, unnecessary or inefficient federal programs.The bipartisan commission would provide Congress with recommendations for…

Testifying before the House Budget Committee, Federal Reserve Chairman Ben Bernanke said last week that addressing the “powerful underlying trends” responsible for large projected deficits would bring both short-term and long-term benefits.He pointed to the plans put forth by the…

On Monday President Obama unveiled a proposed budget for Fiscal 2012 that failed to aggressively follow up on the recommendations of his bipartisan fiscal commission for sweeping tax and entitlement reforms.The President’s budget does make some tough choices on domestic…

Citizen groups originally convened by The Concord Coalition have called on Congress and President Obama to produce “a bold, comprehensive plan to avoid an explosion of federal debt that could devastate the economy, weaken our national security and unfairly burden…

Using authority provided by a new House rule, House Budget Committee Chairman Paul Ryan (R-WI) announced last week that this fiscal year's allocation to the House Appropriations Committee would be $1.055 trillion, a cut of $35 billion below the FY…

The Congressional Budget Office created a stir when it reported last week that Social Security paid out $37 billion more than it took in last year. The CBO projected that Social Security would run perpetual cash deficits from this point…