Policy Features of Social Security That Drive Its Long‑Term Costs Social Security’s financial challenges are often framed as the inevitable result of an aging population. Demographics matter, but policy choices built into the design of the program also impact costs.…
WASHINGTON, D.C. – April 21, 2026: Concord Action Executive Director Carolyn Bourdeaux issued the following statement on a new budget resolution that U.S. Senate Republican leaders proposed today: “As Senate Republican leaders today unveiled a budget resolution specifically designed to…
Social Security’s financial challenges are well‑documented, but two recent policy changes have quietly made the program’s long‑term outlook even more difficult. While each was enacted with specific goals in mind, both either reduce revenue or increase costs at a time…
Many people think of Social Security as a system where you simply get back roughly the amount of money you put in during your working years. But Social Security was never designed that way. Instead, it operates primarily as a…
It’s easy to get excited about cutting waste, fraud, and abuse in government. After all, who doesn’t want a more efficient, effective government that spends our tax dollars wisely? But as much as trimming the fat sounds like a straightforward…
Tax season is here, and the IRS is preparing for roughly 164 million individual filings. Yet just as the workload peaks, the agency is facing major funding cuts that will weaken its ability to collect revenue, enforce tax laws, and…
Statement of Concord Action Submitted to the House Committee on the Budget Hearing: “The Best Metric to Reverse the Curse: A 3 Percent Deficit-to-GDP Path to Fiscal Sustainability” Chairman Arrington, Ranking Member Boyle, and Members of the Committee, thank you…
Statement of Concord Action Submitted to: The Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth Hearing: Fiscal Outlook: 2026–2036 Hearing date: March 11, 2026 Chairman Johnson, Ranking Member Smith, and Members of the Subcommittee, thank you for the opportunity…
WASHINGTON, D.C. – March 20, 2026: Concord Action Executive Director Carolyn Bourdeaux issued the following statement on U.S. Senate introduction of legislation that would aim to cut the federal budget deficit from around 6 percent to 3 percent of Gross…
Concord Action welcomes a variety of viewpoints on issues related to the long-term fiscal health of the nation. The following guest essay is written by Kurt Couchman, who is senior fellow in fiscal policy at Americans for Prosperity and the…
Concord Action: A Balanced Budget Is An Important Goal; Congress Must Not Limit Options WASHINGTON, D.C. – March 18, 2026: Concord Action Executive Director Carolyn Bourdeaux issued the following statement on the Balanced Budget Amendment (H.J.Res.139) under consideration in the…
America’s $38 trillion national debt is no longer a distant concern—it’s a clear and present danger. Interest payments alone now eclipse what we spend on national defense, devouring nearly 20% of every tax dollar. This debt load is choking our…
