(Arlington Va. – July 2, 2026) – As we prepare to celebrate 250 years of independence, Americans face a much bleaker national milestone: a federal debt soon expected to exceed $40 trillion.
In a new op-ed in The Washington Times, Dr. Carolyn Bourdeaux, executive director of Concord Action and the Concord Coalition and a former member of Congress from Georgia, warns that America’s growing debt threatens to become part of the legacy this generation leaves behind.
The national debt is not an abstract budget problem, but a real-world issue that affects families, future generations and the country’s ability to invest in its priorities. Concord Action calls on Congress to restore discipline to the budget process, strengthen pay-as-you-go rules and develop a credible plan to stabilize the debt.
Click HERE to read the full opinion piece in The Washington Times and see below for excerpts:
“As we prepare to celebrate America’s 250th birthday, we are preparing to hand the next generation something no previous generation has left at this scale: a federal debt soon expected to exceed $40 trillion.”
“…The more our federal government borrows in the form of bonds, the higher interest rates will rise making it more expensive to buy a home, finance a car, start a small business or carry a credit card balance. In fact, the United States passed a critical threshold just in the last couple of years: we are now paying more interest on our national debt than we are in national defense. That means that one out of every 5 tax dollars you spend goes only to interest payments – not roads, not schools, not essential services. Simply to pay the interest we as a nation owe on the debt.”
“…This Independence Day, 250 years into our country’s history, we should celebrate the country we inherited. But we should also ask what kind of country we intend to pass on.”
“The founders gave us a remarkable inheritance. We should not make our children pay the bill for our failure to protect it.
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