#National Debt

In its Monthly Budget Review for June 2020, the Congressional Budget Office (CBO) said on Wednesday, July 8, that the budget deficit for the year so far has reached $2.74 trillion, an increase of $2 trillion over the same nine-month period in…

As a nonpartisan, grassroots organization, The Concord Coalition’s primary engagement method for more than 28 years has been face-to-face events across the nation. At these events, we employ one of our several presentations or exercises that share the same goal:…

The rapid rise in federal debt caused by the need to support an economy devastated by COVID-19 has renewed interest in a school of economic thought called Modern Monetary Theory (MMT). It is easy to understand why: MMT provides an…

On June 9, the United States quietly reached an inauspicious milestone: our nation’s total federal debt surpassed $26 trillion for the first time. Given the dual crises of coronavirus and civil unrest that dominate national headlines, it’s not surprising this…

The economic devastation imposed by the coronavirus has been swift, steep, and wholly unlike any prior recession. In March, the government purposely induced a nationwide economic coma to curb the spread of the deadly coronavirus and deployed bazookas of money…

On June 6, 1944, D-Day, General Theodore Roosevelt, Jr. landed with his troops on Utah Beach in Normandy France. The son of former president Theodore Roosevelt, he was the oldest man to go ashore that day and the only one…

Moving rapidly to pass the next installment of COVID-19 pandemic relief, on May 15 the U.S. House of Representatives passed H.R.6800, the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act. Although the Congressional Budget Office has…

Smith, with the Concord Coalition, and others who lament Congress didn’t take advantage of the pre-pandemic years of growth to eliminate deficit spending and lower the national debt said not doing so after the pandemic has passed threatens to increase inflation and crowd out private borrowing.