#National Debt

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President Trump’s claim this week that his tariffs will enable the government to start "paying down" large amounts of the federal debt is wrong for a very simple reason: It is impossible to reduce debt while you are still adding to it.…


Ben Bernanke, Henry Paulson and Timothy Geithner played central roles in dealing with the financial crisis 10 years ago that stunned the nation and threatened economic disaster. The three former policymakers recently discussed some of the lessons to be learned…


The federal government is on course to add trillions of dollars to its debt over the next decade even as many national priorities are neglected. Beyond that, The Concord Coalition says, the 30-year projections released today by the Congressional Budget…


Uncle Sam just got a fiscal health check-up from the Government Accountability Office (GAO) and it didn’t go well. The patient should be alarmed. So should the American taxpayer. “The Congress and administration face serious economic, security, and social challenges…


This is a guest post by Concord Coalition intern Rob Ryan While the fundamentals of the United States economy are strong in the near term, the nation faces major challenges that may put the sustainability of current economic growth at risk. Chief…


WASHINGTON -- The nonpartisan Congressional Budget Office (CBO) today released its analysis of President Trump’s proposed budget for Fiscal 2019. Robert L. Bixby, executive director of The Concord Coalition, issued the following statement: CBO’s analysis today of the president’s budget…


Amid widespread concern about the rapidly rising national debt, The Peter G. Peterson Foundation held its ninth annual “Fiscal Summit” Thursday in Washington to spotlight the risks and challenges that such debt entails. “This year the theme of our fiscal…


The United States has earned a dubious distinction, according to the International Monetary Fund (IMF): It is the only economically advanced country in the world that plans to dig itself deeper into debt over the next five years. The IMF…


WASHINGTON -- The Congressional Budget Office (CBO) today released projections that show sharp increases in the federal deficits and debt over the next decade and beyond. Robert L. Bixby, executive director of The Concord Coalition, issued the following statement: This…


Plans are in the works for a House vote this month on a balanced budget amendment to the Constitution -- a project that is hard to take seriously after Congress in recent months has approved large, deficit-financed tax cuts and…


WASHINGTON -- President Trump today signed the $1.3 trillion spending bill to fund government programs for the remaining six months of Fiscal 2018. The following statement is from Robert L. Bixby, executive director of The Concord Coalition: Congress and President Trump…


When 2017 began the nation had a new Congress, a new president and an old problem: debt on an unsustainable path. One year later, the new Congress and the new president have done nothing to address the old problem. In…

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