Concord Action @ConcordAction
Growing grassroots movement of Americans who care about our economy and fiscal outlook. Stand with us to demand lawmakers stop adding to our national debt. concordaction.org United States Joined February 2025-
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Rising federal debt isn’t just numbers—it’s slowing growth and fueling partisan politics. Kurt Couchman on Facing the Future explains the “debt drag” effect and why fiscal responsibility matters. 🎙️ Listen: youtube.com/watch?v=_j3aYq…
If you didn’t do your job for 6 months, would you still get paid? Congress hasn’t passed all spending bills on time since 1996. The #NoBudgetNoPay Act would dock lawmakers’ pay until they do their job. Accountability starts here. 👉 tinyurl.com/ypmcrvnn
Is it time to rethink a Balanced Budget Amendment? 💰 On this week’s Facing the Future, @KurtCouchman of @AFPhq makes the case for a principles-based approach to restore fiscal responsibility in Washington. Listen now: youtube.com/watch?v=uHLscw…
Tariffs can raise revenue, but they hit low & middle-income consumers hardest, warns Brookings’ Bill Gale on Facing the Future. Economically, legally, and politically, they create huge uncertainty. youtube.com/watch?v=cbXbLK…
Is the U.S. heading toward stagflation? Bill Gale says tariffs are raising prices and immigration restrictions are slowing growth. “We aren’t there yet. Unemployment is lower and inflation is lower, but qualitatively we are headed in that direction.” youtube.com/watch?v=Oe9WCm…
US fiscal irresponsibility undermines our global leadership. On Facing the Future, Brookings’ Bill Gale warned that “America First” policies like #tariffs and #immigration restrictions risk eroding America’s role in the world. tinyurl.com/mwbwf2va
If the Supreme Court upholds today’s ruling, $2T in projected tariff revenue disappears, according to @BudgetHawks estimates. As we’ve said many times, tariffs are a highly uncertain source of revenue!
If the Supreme Court upholds today’s ruling, $2T in projected tariff revenue disappears, according to @BudgetHawks estimates. As we’ve said many times, tariffs are a highly uncertain source of revenue!
$280,000 per household. $108,000 per person. Hardworking Americans deserve better — Congress needs to do its job.
$280,000 per household. $108,000 per person. Hardworking Americans deserve better — Congress needs to do its job.
Would people support higher taxes if they knew exactly how the money would be used? Brookings’ Bill Gale tells @CarolynConcord that earmarking revenues for #healthcare, #education, or the #environment could make #tax increases more viable. 🎥: tinyurl.com/527uz8ny
American businesses can’t run their books this way, so how can Congress? Time to fix the budget process and stop piling on new debt.
American businesses can’t run their books this way, so how can Congress? Time to fix the budget process and stop piling on new debt.
📈Under CRFB's August Baseline, meeting various fiscal goals will require substantial new deficit reduction over the next decade: ➡️ $7.5 trillion to bring deficits down to 3% of GDP ➡️ $9 trillion to hold debt at 100% of GDP ➡️ $15 trillion to balance the budget The deficit…
The Treasury anticipates borrowing $1.6 trillion over the next two quarters. This would be $215 billion more debt than it issued during the same period last year. pgpf.org/article/news-f…
Can targeted taxes help reduce the deficit? On this week’s Facing the Future, Brookings’ Bill Gale joins @CarolynConcord to discuss #tariffs, earmarked revenues, and what’s next for the Fed. 🎧 Listen here: concordcoalition.org/facing-the-fut…
“The longer we let this go without addressing, in a fundamental way, how we manage our fiscal business of the country, I would argue, the more severe is going to be the recoiling once it happens, and therefore, it's better to deal with it early or now.” youtu.be/CyHCGIKZE2w
Dennis Lockhart talks about what a fiscal crisis would look like. He foreshadows a situation where interest rates would rise, particularly for long-term rates, and so would the cost of owning a home, buying a home, investment rates for corporations, etc. youtu.be/Seke962y_9Y
Will the Fed bail us out this time? Dennis Lockhart discusses how the Fed uses its tools, most commonly interest rates but occasionally quantitative easing to control inflation and stimulate the economy. youtu.be/MVuEonnY-hE
How will the Fed decide on a change in interest rates? Dennis Lockhart talks about how Fed chair Jerome Powell and the Federal Open Market Committee will make the decision, and the real possibility of dealing with stagflation. youtu.be/BDLy-F5Ayx4
Concord Action's @CarolynConcord released a statement about encroachments on Federal Reserve independence. She said the recent attacks on Federal Reserve Governor Lisa Cook “reflect a troubling encroachment on the independence of the Federal Reserve.” tinyurl.com/yc7pp8fc
As students head back to school, here’s a reminder: The next generation will inherit more than $37 trillion in debt if we do nothing. That’s not leadership, it’s negligence. The way to solve this problem isn’t by assigning blame, it’s by taking responsibility. The Problem…
Will Washington’s debt addiction spark the next global crisis? US gross debt is at historic highs, recently surpassing $37T. A crisis isn’t inevitable, but only if Washington takes action. Responsible budgeting today can help safeguard our economic future. tinyurl.com/4esrfvam
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