Kentland Rotary members hear about the federal debt

(Kevin) Wiley is involved with the Concord Coalition a national, nonpartisan organization dedicated to fiscal responsibility and reform.

Since 1992 Concord has worked to educate the American public about the causes and consequences of the growing federal debt and the need to develop realistic solutions for sustainable budgets. Wiley was joined by Concord Coalition staff, Tori Gorman, policy director, Phil Smith, National Field Director, and Tyler Sweeney, Deputy National Field Director.

Gorman, began the program by reviewing federal budget statistics put together by the Congressional Budget Office, showing that the federal debt was already approaching record levels before COVID-19; what was included and the financial impact each package put together by Congress for COVID-19 relief beginning in March 2020 has increased and changed over the months. One of the slides shows that by 2030, COVID-19 will have added $8 trillion to the U.S. debt.