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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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


Issue Brief

Canceling Student Debt: Presidential Power of the Purse?

Friday, September 23, 2022

Introduction

The Constitution (Article I, section 9, clause 7) gives Congress the “power of the purse,” which means no money can be paid out of the Treasury unless it has been appropriated by an act of Congress. However, President Biden recently announced a series of changes to the federal student loan program that could potentially cost $1 trillion.[1]

 

Blog Post

30 Years of The Concord Coalition

Wednesday, September 14, 2022

When The Concord Coalition was founded in September 1992, it was already apparent that the federal budget was on an unsustainable path. Thirty years later, that is still the case. Despite the “peace dividend” of the 1990s, and surprisingly lower healthcare and interest costs than were anticipated, we have arrived at what was once considered the “long-term” with a debt that has more than doubled as a share of the gross domestic product (GDP), going from 47 percent of GDP in 1992 to 98 percent in 2022. 

 

 

Issue Brief

Social Security Replacement Rates: "Nudging" in the Wrong Direction?

Wednesday, August 17, 2022

Social Security reform is both necessary and urgent, yet Congress remains reluctant to act.[1] This political inertia is primarily the result of two factors. First, the combined Social Security trust funds (OASDI) are projected to remain solvent until 2035, creating an undue sense of complacency.[2] Second, the only way to extend trust fund solvency consistent with the self-financing tradition of the program is to raise payroll taxes or reduce benefits, thereby alienating workers or beneficiaries.

 

 

 

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.

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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

The Concord Coalition Turns 30!

Thursday, September 22, 2022

This week on Facing the Future, we celebrate the 30th anniversary of The Concord Coalition with our national co-chairs, Democrat and former Nebraska Senator and Governor Bob Kerrey, and Republican and former Missouri Senator and Attorney General Jack Danforth, about the current and future fiscal challenges facing the United States.  Senators Kerrey and Danforth chaired the 1994 Bipartisan Commission on Entitlement and Tax Reform  established by President Clinton.