Back in August of 2011, with the nation’s debt bumping up against its statutory limit and an election year looming, President Obama and Congress made a deal. They would empower a special committee (the “super committee”) to reach a long-term…
Alice Rivlin, a member of two prominent fiscal commissions, called for renewed bipartisan cooperation on comprehensive budget reform in the most recent in a series of forums around the country co-sponsored by The Concord Coalition and the Campaign to Fix…
In his State of the Union Address President Obama declared: “Our government shouldn’t make promises we cannot keep, but we must keep the promises we’ve already made.” It was good applause line, but it glossed over a key point: The…
Erskine Bowles and Alan Simpson, who co-chaired the National Commission on Fiscal Responsibility and Reform, proposed a new fiscal framework Tuesday that would put the nation’s finances on a sound and responsible path.“It is time to replace crisis-management budgeting with…