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If Congress were to simply follow the budget path laid out in current law, the federal government might escape some of its widely anticipated fiscal problems over the next few years. But that is a big “if,” as became clear…


Senate Democrats have released a revised plan to extend and expand a temporary cut in the Social Security payroll tax after competing proposals on the issue from the two parties both failed in the Senate last week. The Democrats want…


In The Concord Coalition’s newly revised budget exercise, Principles and Priorities, students and other participants break into groups of five to seven to decide on a variety of policy options being discussed in Washington. One goal is to provide a…


Last December a bipartisan majority of President Obama’s National Commission on Fiscal Responsibility and Reform surprised skeptics with a comprehensive plan that called for shared sacrifices to reduce projected deficits over the coming decade by $4 trillion. Unfortunately, elected officials have…


The current debate over extending the payroll tax cut well demonstrates that policymakers often mean different things when referring to policies that “help” or “expand” the economy. I often hear the words “stimulus” and “growth” used interchangeably, but when economists…


College students and nine former members of Congress will confront the nation’s fiscal and economic difficulties through an interactive exercise this Saturday, Dec. 3, at George Washington University. Participants in the “Principles and Priorities” exercise, developed by The Concord…


Although the nation’s economic and fiscal challenges are daunting, Diane Lim Rogers, The Concord Coalition’s chief economist, encourages ordinary citizens not to give up in pressing politicians for effective action. (more…)


Fitch Ratings on Monday affirmed the U.S. government’s AAA rating but lowered its long-term rating outlook from “stable” to “negative” and warned that there is “a slightly greater than 50 percent chance of a downgrade over a two-year horizon.” The U.S.…


With the national debt reaching the $15 trillion mark this month, average citizens are showing a keener appreciation of the need for more sustainable federal budgets than many elected officials. (more…)


In the wake of the super committee’s failure last week, Congress faces some key decisions on expiring policies over the next few weeks that could have a significant impact on the federal deficit in the years ahead. On Monday, for…


The congressional “super committee” charged with recommending at least $1.2 trillion in deficit reduction for the next decade announced Monday that it had failed to reach agreement on a plan. Democrats and Republicans each blame the other for the failure,…

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