WASHINGTON -- The Concord Coalition said today that new projections by the Congressional Budget Office (CBO) underscore the need for Washington to commit to long-term fiscal reforms while dealing with this year’s looming budget decisions. Concord said the new numbers…
Election-year politics were on full display last week as Democrats and Republicans pushed familiar positions on taxes and health care rather than moving in more constructive directions on fiscal reform. President Obama repeatedly called on Congress to approve his proposal…
Because fiscal reform requires extremely difficult choices, it is a subject where many candidates quickly turn to vague platitudes and partisan finger-pointing. (more…)
The federal debt is hitting the $15 trillion mark this month, and it is projected to continue growing rapidly in the years ahead – even assuming the economy fully recovers and U.S. military commitments abroad are reduced.“Absent reform, we will…