In the latest twist of fiscal illusionism, Senate Republicans have deployed a controversial accounting maneuver to make their reconciliation bill appear far less costly than it truly is. At the heart of the deception is the use of a “current…
As the Senate moves closer to finalizing the One Big Beautiful Bill Act (OBBBA), the headlines are focused on tax cuts, spending priorities, and political infighting. But at the same time, something more troubling is happening: policymakers are promoting budget…
On May 22nd, the House of Representatives passed a budget reconciliation bill, known as the One Big Beautiful Bill Act (OBBBA). While much of the public focus has centered on tax cuts and reductions to entitlement programs like Medicaid and…
Budget Gimmicks Mask True Cost and Erode Faith in Institutions Now that the House has passed its reconciliation bill - the One Big Beautiful Bill Act (OBBBA) - that increases the Federal debt by around $3 trillion over ten years,…
Moody’s Downgrades United States Credit On Friday, Moody's, one of the three major credit rating agencies, downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest payments "that are significantly…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget (CRFB), guided us through the budget…
Nearly 30 years ago, in my very first week on the job at The Concord Coalition, I stood in front of the National Debt Clock as it ticked past $4.8 trillion. That moment — captured on the front page of…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future Ben Harris, Vice President and Director of Economic Studies at the Brookings Institution, joined host Bob Bixby to discuss his…
Click here to watch the segment now Executive Director Carolyn Bourdeaux joined Soledad O’Brien on Matter of Fact for an engaging discussion on the national debt, fiscal responsibility, current strategies, and potential solutions. Bourdeaux discussed the consequences of rising deficits,…
In response to the Congressional Budget Office (CBO) Long-Term Budget Outlook released March 27, 2025, Carolyn Bourdeaux, former Congresswoman and Executive Director of The Concord Coalition and Concord Action issued the following statement: “Our budget process is in complete disarray.…
Key Points: Analysis from the CBO shows extending key provisions of the TCJA without offsets would increase the national debt from 99% of GDP to as high as 250% in 30 years, depending on interest rates. The Penn Wharton Budget…
WASHINGTON, DC – The Concord Coalition today welcomed the deficit reduction goals of the Democratic Climate, Tax and Health Care bill, but cautioned that the heavily back-loaded nature of the savings poses a significant risk that some of those savings will…
