The Concord Coalition @ConcordC
We educate, engage and empower citizens with credible, nonpartisan information on the risks and consequences of growing federal debt and fiscal policies. concordcoalition.org Washington, DC Joined April 2009-
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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…
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The #NationalDebt is exploding: 💰 $3.5M every minute 💰 $212.9M every hour 💰 $5.1B every day At $37 trillion and rising, our unsustainable debt threatens economic growth, restricts investments in the future, and could limit our ability to respond to fiscal crises.
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…
The Concord Coalition retweeted
The One Big Beautiful Bill is now officially law, but what exactly do these new tax changes mean for the US economy, government coffers, budget deficits, and taxpayers? Explore our new FAQ: hubs.ly/Q03GG9040
The Concord Coalition retweeted
In the absence of policy changes, the federal debt is now on course to rise inexorably and unsustainably over the next several decades. Could earmarking tax revenues help? tpc.io/4ogwIwx
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
The Concord Coalition retweeted
America’s deficit is climbing—$1.6 trillion so far this fiscal year. Our deficit tracker was just updated, and you can explore all the latest insights on spending, revenue, and what’s driving the numbers. Find it below ⤵️
$37 trillion in #NationalDebt = $280,000 per household or $108,000 per person in America. This isn’t some abstract problem in Washington D.C. It’s a bill every family carries, all across America: from the cities to the suburbs to the countryside. (via @pgpfoundation)
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
Did you know America’s $37 trillion in #NationalDebt is as big as the economies of China, Germany, Japan, India, and the UK — combined? That’s how massive this problem has become. We can’t afford to ignore it any longer. @pgpfoundation
The Concord Coalition retweeted
📈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 Concord Coalition retweeted
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
The Concord Coalition retweeted
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…
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