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Matter of Fact with Soledad O’Brien: How to Address America’s Massive Federal Debt

Click here to watch the segment now Executive Director Carolyn Bourdeaux joined Soledad O’Brien on Matter of Fact for an engaging discussion on the national debt, fiscal responsibility, current strategies, and potential solutions. Bourdeaux discussed the consequences of rising deficits,…

We Need a Real Discussion About Reforming Social Security to Prevent Insolvency and Benefit Cuts – Not More Fake News

Key Points Social Security trust funds are projected to become insolvent in 2035. Unless Congress acts, this will trigger benefit cuts of roughly 17 percent. President Trump and Elon Musk have repeatedly claimed that improper benefit payments to dead people…


WASHINGTON -- The Concord Coalition said today that this year’s reports from the Social Security and Medicare trustees sound a blaring alarm that legislative actions must be taken soon to avoid sudden substantial benefit cuts by 2035 for Social Security…


After a lengthy delay, the Congressional Budget Office (CBO) finally published its much anticipated budget baseline.


Washington -  The Concord Coalition said today that the new Budget and Economic Outlook for Fiscal Years 2022-2032 released by the Congressional Budget Office (CBO) is evidence that the days of easy deficit reduction from fading COVID relief funding are over.


FOR IMMEDIATE RELEASE: Monday, February 28, 2022 CONTACT: Av Harris 202-695-9524 [email protected] Washington, DC – The Concord Coalition and the Global Aging Institute (GAI) today jointly released…


If you blinked this week, you probably missed that the total federal debt reached $30 trillion—an historic high. Like aging Americans who bemoan birthdays ending in zero (30, 40, 50, …), this occasion marked the crossing of an important, albeit…


What began as a tense week of dangerous brinkmanship over the debt limit in Congress is ending with a surprising burst of bicameral cooperation and bipartisanship. House and Senate leaders hammered out a deal that would allow Democrats to…


Earlier this week the Social Security Administration (SSA) announced the annual cost-of-living adjustment (COLA) for next year (2022) would be 5.9 percent. That’s slightly more than the 5.8 percent increase in 2008, and the biggest increase since 1982.[1] Under current…


Despite a pending government shutdown and looming debt default, this week federal lawmakers in Washington were hyper-focused on the House reconciliation legislation, the second installment of President Biden’s Build Back Better agenda. Although the legislation is far from finished,…


WASHINGTON -- While the nation’s attention is justifiably focused on multiple other crises, today’s publication of the Social Security and Medicare trustees reports reminds us of another call to action: averting the financial crisis in our nation’s largest entitlement…


Earlier this week the US Census Bureau released the “Apportionment Results” from the latest decennial census conducted in 2020.[1] These results provide a count of the resident population for the 50 States, the District of Columbia, and Puerto Rico, as…

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