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Matter of Fact with Soledad O’Brien: How to Address America’s Massive Federal Debt

Click here to watch the segment now Executive Director Carolyn Bourdeaux joined Soledad O’Brien on Matter of Fact for an engaging discussion on the national debt, fiscal responsibility, current strategies, and potential solutions. Bourdeaux discussed the consequences of rising deficits,…


We’ve all heard that if you put a frog in boiling water it will jump out, but if you put a frog in warm water and slowly turn up the heat it will stay put until boiled to death. That…


Following the passage of the Fiscal Responsibility Act of 2023, House Speaker Kevin McCarthy (R-Calif.) expressed interest in appointing a bipartisan commission to address the nation’s long-term fiscal imbalance. That idea has now drawn support from the newly formed Bipartisan Fiscal Forum. These are…


How to Radically Change Expectations about the Federal Budget Process by Dr. Carolyn Bourdeaux, Senior Visiting Scholar, University of Georgia; Board Member of the Concord Coalition; Former Member of Congress from Georgia’s 7th District Now that we’ve come through the debt…


As long as there is a positive balance in the trust funds, the Treasury secretary has both the authority and the obligation to make scheduled trust fund payments. Even though Congress intended to prohibit the use of the Social Security…


At 78 years old, Santiago Matheus of Dania Beach is carefully watching the looming political showdown in Washington over whether the nation’s debt ceiling should be raised anew. “Of course I’m worried,” he said. “It would be an unprecedented situation if…


The president’s heavy reliance on tax increases to reduce future deficits, even while increasing spending, obviously makes his budget “dead on arrival” with House Republicans. On the other hand, a deficit reduction plan based solely on spending cuts, as Republicans…


President Biden unveiled his budget on Thursday, a $6.9 trillion proposal that would include spending on his long-standing pledges like universal preschool, paid leave and more childcare funding. Over the longer term, the White House says Biden's plan would reduce the deficit,…


Some Congressional leaders say that all we have to do to get control of our raging national debt is to cut out waste, fraud and abuse. Scour the voluminous federal budget and you will not find line items with those…


Treasury may be able to keep sending out retirees' benefit checks if borrowing cap isn't raised in time. It won't be easy It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop…


You don’t need to get very far into the new Budget and Economic Outlook issued by the Congressional Budget Office (CBO) last week to discover that this report is a punch in the gut. The first sentence of the overview…


The midterm elections left Republicans in control of the House (barely) and Democrats in control of the Senate (barely). Pundits are already predicting gridlock (they’re probably right), but Congress has two essential tasks before them that must not be held…

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