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Field Update: Arizona Fiscal Lookout Phillip Cole Meets with Lawmakers in Washington, DC

This week, our Concord team experienced Washington at its most inspiring — and its most exasperating. It began Wednesday afternoon with a meeting in the office of Rep. Eli Crane (R-AZ), where we introduced Concord’s interactive federal budget exercise —…

The Senate Budget Committee’s Fantasy Plan Would Add Nearly $6 Trillion to the Debt

This week the Senate Budget Committee released a plan that would add nearly $6 trillion to the national debt and simply ignore the roughly $4 trillion cost of extending several expiring tax cuts because they are “current policy,” while tacking…

Countdown to the Debt Limit Showdown

Key Points Since the $36.1 trillion debt ceiling kicked back in on January 2nd of this year, the Treasury Department has been using accounting transactions known as “extraordinary measures” to temporarily continue borrowing without exceeding the limit. The date these…

The High Cost of Extending Tax Cuts Without Offsets

Key Points: Analysis from the CBO shows extending key provisions of the TCJA without offsets would increase the national debt from 99% of GDP to as high as 250% in 30 years, depending on interest rates. The Penn Wharton Budget…

Higher Deficits Are Bad News for Consumers

Key Points New report from The Budget Lab at Yale explores how higher deficits impact inflation and interest rates. The permanent deficit increase that the report uses as its hypothetical is roughly the same size as the increase that would…

We Need a Real Discussion About Reforming Social Security to Prevent Insolvency and Benefit Cuts – Not More Fake News

Key Points Social Security trust funds are projected to become insolvent in 2035. Unless Congress acts, this will trigger benefit cuts of roughly 17 percent. President Trump and Elon Musk have repeatedly claimed that improper benefit payments to dead people…

The Social Security Lie That Just Won’t Die

In response to a newspaper report that he was either gravely ill or dead, American author and humorist Mark Twain famously said, “Reports of my death are greatly exaggerated.” Although Mark Twain is undeniably dead, along with every other American…

Social Security vs. The Vampires

Elon Musk made headlines this week when he revealed the Social Security Administration (SSA) failed to record the deaths of millions of people over the age of 100 and suggested vampires might be real and a lot of them were…

House Budget Resolution: More or Less than Meets the Eye?

This past Thursday the House Budget Committee kicked off the (sometimes) annual budget process by marking up its version of the Fiscal Year 2025 congressional budget resolution. The House version differs substantially from the Senate Budget Resolution marked up earlier…

Senate Budget Resolution: The Road Not Taken?

This week the Senate Budget Committee is expected to markup a Congressional Budget Resolution for Fiscal Years 2025 through 2034. The Chairman’s mark to be considered by the Committee includes the recommended levels of spending, revenue, deficits, and debt over…

Paradigm Shift in Fertility Expectations?

The National Center for Health Statistics recently released the latest data (2022-2023) from the National Survey of Family Growth (NSFG). This survey collects health and family-related information, including data on actual previous births and expected future births. The latest survey…

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