#National Debt

Perhaps even more than most of Concord’s Fiscal Wake-Up Tour programs, the one in Maine this week underscored the need for a really big alarm clock.The recession has sliced into the government's revenue while putting its spending on steroids. Concord…

With today’s release of new budget projections from the Obama administration showing deficits totaling more than $9 trillion over the next 10 years, The Concord Coalition said that cost control must be the primary focus of health care reform and…

Last Friday, Treasury Secretary Timothy Geithner sent a letter to Congress requesting an increase in the statutory debt limit. In the letter, Geithner noted:"It is critically important that Congress act before the limit is reached so that citizens and investors…

While the President's press conference Wednesday night got a lot of attention and focused substantially on health care, he also did an interview with Washington Post editorial page editor Fred Hiatt earlier in the day. (more…)

In Nobel-prize winning economist and New York Times columnist Paul Krugman's column Monday, he makes an interesting point about California's budget woes that supports much of what The Concord Coalition's message has been for the last three years traveling the…

There’s news from the Treasury Department today (monthly Treasury statement) on the federal budget deficit for the first quarter of fiscal year 2009 (i.e., 4th quarter of calendar year 2008). I guess this is what a year headed for a…

In the movie I.O.U.S.A., Warren Buffett affectionately labeled China “Thriftsville” in his parable about the dangers of the United States over-consuming and relying on foreign production and lending. The movie also introduced us to a young Chinese couple, who met…

There is a good article in the New York Times today, as part of their "If Elected..." series, that tries valiantly to add up the candidates' taxing and spending promises with an emphasis on their deficit implications. As a budget…