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The federal debt is a “ticking time bomb” that puts the U.S. economy at risk, jeopardizes our standard of living and threatens national security, according to a new report by Strengthening of America – Our Children’s Future.Strengthening of America is…


Former Defense Secretary Robert Gates and former Chairman of the Joint Chiefs of Staff Michael Mullen said Monday that Washington’s fiscal ailments pose a serious threat to national security, but they warned that sharp automatic spending cuts scheduled to start…


With public attention shifting from the party conventions to the fall campaign and the presidential debates that start in early October, advocates of federal budget reform are renewing their calls for more substantial political discussion of the country’s fiscal and…


Beginning in January, approximately $109 billion in across-the-board spending cuts are scheduled to automatically take effect. Known in budget policy circles as a “sequester,” these cuts are unusual in that the executive branch directs how the spending cuts occur, as…


The Congressional Budget Office (CBO) has warned that the Pentagon’s base budgetary plans would exceed the spending caps in last year’s Budget Control Act by $14 billion in Fiscal Year 2013 and by $508 billion through 2021, even before taking…


Defense Secretary Leon Panetta said this week that the nation does not have to “choose between national security and our fiscal security,” but he urged Congress to avoid what he called “disastrous” cuts scheduled to start in January in both…


WASHINGTON -- The Concord Coalition today commended House Budget Committee Chairman Paul Ryan (R-WI) for including proposals to rein in federal health care spending and greatly simplify the tax code as part of his Fiscal Year 2013 budget. Concord cautioned,…


President Obama joined Defense Secretary Leon Panetta and Joint Chiefs of Staff Chairman Gen. Martin Dempsey last Thursday to outline the administration’s vision for a leaner, more affordable military. The plan shifts from the capacity to fight two large ground…


Time is running short for members of the congressional “super committee,” which has until a week from tomorrow to recommend a plan to reduce projected federal deficits by at least $1.2 trillion over the next decade.In recent days Democratic and…


The new congressional committee on deficit reduction continues its work this week amid concerns that some elected officials have tried to narrow its options.In a recent guest column in the Ames Tribune in Iowa, Concord Coalition officials lament that both…


In a new report, the Congressional Budget Office (CBO) has estimated the automatic spending cuts that would occur if the super committee is unsuccessful. The committee has the goal of reducing the deficit by at least $1.5 trillion over ten…


President Obama offered his deficit-reduction recommendations to the congressional super committee on Monday, urging the panel to find both spending cuts and additional tax revenue to far exceed its assigned goal.Obama put Medicare and Medicaid on the negotiating table, giving…

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