#National Debt

President Obama unveiled a proposed 2015 budget Monday that falls short of the credible framework he offered last year for comprehensive, bipartisan fiscal reform.“While there are some positive elements in the President’s plan this year, overall it seems to ratify…

WASHINGTON -- The Concord Coalition expressed disappointment today that President Obama’s proposed 2015 budget shifts the administration’s focus away from the credible framework he offered last year for comprehensive, bipartisan fiscal reform.“While there are some positive elements in the President’s…

Although Congress recently completed its budget process for this fiscal year and took action to avoid another federal debt crisis, Washington has again postponed action on the larger challenge of long-term fiscal sustainability.“Our nation’s future remains at risk,” warns Paul…

Although Congress finally took action on the debt limit last week, the legislative hypocrisy on display fed public cynicism and underscored the need for debt limit reforms.The fundamental problem is that Congress only considers a debt limit increase after it…

The economic recovery has produced larger-than-expected surpluses for many states, and their elected officials are considering what to do with the windfalls.Unfortunately, many state lawmakers have put forward plans that address short-term issues while ignoring more important long-term fiscal concerns…

In her first congressional appearance as chair of the Federal Reserve, Janet Yellen this morning discussed challenges facing the central bank and noted that tightening fiscal policy had slowed economic growth last year.President Obama nominated Yellen last October to succeed…

State lawmakers across the country are debating how to spend large surpluses after the economic recovery helped produce higher-than-expected tax collections for the second year in a row. (more…)

Although President Obama’s State of the Union Address last week covered a wide array of topics, it failed to focus on the critical topic of fiscal sustainability.“When the President did mention fiscal issues in his speech it was mostly to…