(Arlington Va. – July 13, 2026) – As House Republicans prepare to introduce another reconciliation package, Concord Action is warning lawmakers not to turn this legislation into yet another vehicle for increasing deficits.
With the national debt closing in on $40 trillion, Concord Action’s message is simple: Don’t cheat the numbers. Any reconciliation bill must be fully paid for and optimally, leave some savings behind to reduce the nearly $2 trillion annual deficit.
Concord Action Executive Director Dr. Carolyn Bourdeaux released the following statement:
“Reconciliation is supposed to be a tool for fiscal discipline. Instead, Congress keeps turning it into a shortcut for avoiding hard choices and then gaming the numbers to try to make the deficit impact look smaller.
“But if you close your eyes and stick your fingers in your ears, it does not make the debt magically disappear. You cannot cheat economic reality. Our nation is closing in on $40 trillion in gross debt, interest rates are rising, and interest is already consuming more than 20% of federal revenues. Regardless of the process, the deficit and the debt are growing at an unsustainable pace. Bond buyers will not be deceived as interest rates rise. Families will not be deceived when their mortgage costs and prices for goods go up. Small businesses will not be deceived when getting an affordable loan becomes harder.
“If lawmakers believe new spending or tax cuts are needed, they should make the case publicly, identify real trade-offs and show how they will pay for it. Fiscal responsibility is not about blocking priorities. It is about paying for them.”
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