Binoculars on overlook of mountain

A Grassroots Coalition

The Concord Coalition is a respected non-partisan source of information on the risks and consequences of a growing federal debt and unsustainable fiscal policies.

We work around the country educating, engaging and empowering citizens to take action as fiscal lookouts.

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Congress meeting for joint session

Fiscal responsibility

In Washington we encourage elected officials to work together to put the country on a more responsible path that will hold down the debt, foster economic growth and strengthen the nation. 

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Woman walking on precipice of mountain

Need to Act

The national debt, already quite high by historical standards, is projected to grow rapidly. The aging of the population and health care costs are driving up government spending and revenues are not projected to keep pace.

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Group of people discussing and listening

What is your role?

Across the country we present budget exercises, forums and other educational programs. We also engage volunteers to provide factual information and facilitate discussions in their communities, encourage local media coverage and press their elected officials to support budget reforms.

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We advocate for smarter fiscal policy that will positively impact future generations of Americans


 

In The News

How Long Can America Keep Borrowing?

Published Jun 20, 2021. By Bob Kerrey and John C. Danforth.
Article Excerpt

"Current figures suggest that the federal government is digging America into a hole. According to CBO’s baseline projections—which don’t account for Mr. Biden’s proposals—interest costs will surpass spending for Social Security by 2045 and will consume nearly half of federal revenue in 2051.

Despite the urgency of the problem, nearly every elected official in Washington is an original co-sponsor of the “do nothing” plan. While today’s hyperpartisan political environment makes it unlikely that our fiscal crisis will be resolved anytime soon, elected officials would do well to take at least some action to address the issue."

Read the full article here.

Blog Post

Doubling Down on a Trojan Horse

Thursday, September 16, 2021

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, initial budgetary contours emerged this week as the 13 House committees reported out their reconciliation recommendations, chief among them the House Ways and Means Committee work product. 

Blog Post

Debt Limit DEFCON 2

Thursday, September 09, 2021

The United States Armed Forces uses an alert system called the “defense readiness condition” (DEFCON) to describe different levels of readiness, or states of alert, for military personnel. It increases in severity from DEFCON 5 (least severe) to DEFCON 1 (most severe) to match varying military situations. For example, DEFCON 1 would signal the outbreak of nuclear war. 

A quarter-century of policy leadership

Paul Tsongas, Warren Rudman, and Peter G Peterson at the founding of The Concord Coalition in 1992
Our founders announced The Concord Coalition under the debt clock in New York City.

 

The Concord Coalition, founded in 1992, is a non-partisan organization that advocates putting the national debt on a sustainable course and protecting future generations.

Concord’s founders believed, like the Minutemen at Concord, that we have a moral obligation to leave the country better off for our children and grandchildren. Our founding co-chairs were former U.S. senators Paul E. Tsongas (D-Mass.) and Warren B. Rudman (R-N.H.). Former U.S. commerce secretary Peter G. Peterson was the founding president.

Our current Board of Directors and regional advisory groups include former members of Congress and state legislatures, recognized experts on the federal budget, and business and civic leaders.

Learn more about The Concord Coalition

 

Why we advocate for fiscal responsibility

Americans say they put a high priority on strengthening the country and looking out for the next generation. Yet the federal government is on an irresponsible and unsustainable fiscal path, with spending programs growing more quickly than the economy can keep up with and tax revenues projected to chronically fall short of spending -- even in relatively good economic times. This leads to an ever-growing debt burden.

We believe, and our experience as an organization has shown, that when Americans are given non-partisan, straightforward information about the nation’s fiscal future, they understand the need to make budgetary tradeoffs and will push their representatives to make hard choices to set the nation on a sustainable fiscal path. That is why we work around the country educating, engaging and empowering citizens to take action.

 

What does the future look like?

The national debt is already quite high by historical standards, and government projections show that it will continue to grow rapidly and to levels substantially higher than ever in history. The aging of the population and rising health care costs are driving up government spending and revenues are not projected to keep pace.

The debt could rise even more rapidly if elected officials move forward with additional spending programs or tax cuts without “paying” for them through other budgetary changes. 

This debt growth will damage the economy, undermine our standard of living, and leave our children and future generations worse off. Procrastination only makes the problems more difficult to address. The sooner we deal with them, the better.

How you can help

When faced with a challenge as complex as the nation's fiscal future, it can be easy to feel helpless and discouraged. The numbers involved can seem intractable and the problems may seem daunting. But there are things YOU can do to help America’s fiscal future!

One of Concord’s main goals is to stimulate honest discussions about federal finances that transcend partisan politics. We are determined to communicate with and empower American citizens to change the direction in which the country is headed. 

The Concord Coalition can help you start this discussion with your neighbors, colleagues, and elected representatives. It is easy to stay involved! Attend Concord events in your area, educate others, write letters to the editor, join our social networks and donate! 

 
Blog Post

Doubling Down on a Trojan Horse

Thursday, September 16, 2021

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, initial budgetary contours emerged this week as the 13 House committees reported out their reconciliation recommendations, chief among them the House Ways and Means Committee work product.