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A Flawed Deficit Reduction Trigger

Aug 9, 2011
The new debt limit law includes a trigger that would impose severe spending cuts if legislation to reduce the deficit by more than $1.2 trillion has not been enacted by Jan. 15, 2012. It was designed to give an incentive…
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Blogs

Responsible Fiscal Reform Could Build Public Confidence

Aug 9, 2011
In the week since President Obama signed the debt limit deal into law, stock prices have become highly volatile, Standard & Poor’s dropped its U.S. credit rating a notch below AAA, and political maneuvering began over the special congressional committee…
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Blogs

New Congressional Committee Must Put National Interest First

Aug 8, 2011
Members of the new Congressional Joint Committee on Deficit Reduction will have a threshold decision to make: Do they want to take their mandate seriously?If the answer is yes, they will likely have to make decisions in the public interest…
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Debt-Limit Deal Avoids Default But Does Not Solve Fundamental Fiscal Problems

Aug 1, 2011
In this debt-limit game of musical chairs, the music has stopped and it’s time to grab a seat. The only one available is the deal worked out by congressional leaders and the Obama administration over the weekend. It is not…
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Blogs

Comeback America Initiative Highlights Fiscal Options

Jul 26, 2011
The Comeback America Initiative has released a report with illustrative options to put the country on a sustainable fiscal path under two different scenarios. The report, "Restoring Fiscal Sanity,” includes options on domestic and defense spending, entitlement reform and tax…
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College Students Urge Compromise and Action

Jul 26, 2011
Underscoring the high stakes involved for younger Americans, student body presidents from more than 120 colleges around the country have called on President Obama and congressional leaders to set partisan politics aside, raise the federal debt ceiling and agree on…
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Parties Pursue Competing Plans on Debt Limit

Jul 26, 2011
With time running short to raise the federal debt limit, Republicans and Democrats are planning votes this week on competing plans that President Obama and House Speaker John Boehner championed in speeches to the country Monday night.Obama called for “shared…
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Press Releases

Concord Coalition Welcomes Plan by “Gang of Sense”

Jul 23, 2011
WASHINGTON -- Former members of Congress who serve on The Concord Coalition’s Board of Directors today urged elected officials to raise the debt limit and embrace the broad deficit-reduction plan released this week by the Senate’s bipartisan “Gang of Six.”…
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Troubling Provisions in Balanced Budget Amendment

Jul 19, 2011
Republican lawmakers this week are rallying behind a version of the balanced budget amendment that would enshrine a super-majority requirement for tax increases, set an arbitrary limit on spending, and hinder the government’s ability to respond to wars, recessions and…
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Blogs

Coburn, Gang of Six Propose Deficit-Reduction Plans

Jul 19, 2011
This week Sen. Tom Coburn (R-Ok.) proposed a comprehensive plan to reduce projected federal borrowing by $9 trillion over ten years and the bipartisan “Gang of Six” senators outlined a $4 trillion deficit-reduction plan to their colleagues. President Obama this…
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Senate Leaders Aim to Resolve Debt Limit Crisis

Jul 19, 2011
Senate Majority Leader Harry Reid and Senate Republican Leader Mitch McConnell continue to work on a plan that would let President Obama raise the federal debt limit in increments while allowing congressional Republicans to repeatedly vote against the increases.Recent reports…
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Press Releases

Concord Coalition Warns Against Spending and Revenue Conditions in Balanced Budget Amendment

Jul 19, 2011
WASHINGTON -- As Congress considers a balanced budget amendment to the Constitution, The Concord Coalition said today that any such proposal should be thought of as a bold statement of principle: that one generation of Americans should not bind future…
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