#National Debt

The battle over this year's budget, including the growing possibility of a government shutdown, has temporarily overshadowed the larger, long-term fiscal picture. But the Government Accountability Office (GAO) recently updated its January report on the long-term outlook with numbers that…

The temper tantrums, blame-throwing and unrealistic thinking in Washington sometimes resemble an unruly elementary school classroom rather than a mature, deliberative national government.That’s particularly true when the subject is the federal budget, where the political debate often degenerates into an…

Updated April 3, 2012 (more…)

With unsustainable deficits projected over the coming decade, President Obama and the House of Representatives should embrace a call from 64 senators of both parties to “engage in a broader discussion about a comprehensive deficit reduction package.”The need for such…

The Government Accountability Office (GAO) warns in a new report that delay in raising the debt limit could negatively impact markets and borrowing costs.The debt limit does not constrain the ability of the government to run deficits, but its ability…

Testifying before the House Budget Committee, Federal Reserve Chairman Ben Bernanke said last week that addressing the “powerful underlying trends” responsible for large projected deficits would bring both short-term and long-term benefits.He pointed to the plans put forth by the…

Citizen groups originally convened by The Concord Coalition have called on Congress and President Obama to produce “a bold, comprehensive plan to avoid an explosion of federal debt that could devastate the economy, weaken our national security and unfairly burden…

WASHINGTON -- Citizen groups originally convened by The Concord Coalition today called on Congress and President Obama to produce “a bold, comprehensive plan to avoid an explosion of federal debt that could devastate the economy (more…)