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


Issue Brief

Passing the Buck: How The National Debt Burdens Future Generations

Monday, June 27, 2022

Introduction

Most economists agree there are times when government borrowing is either necessary or unavoidable, such as wars and recessions. But there is less agreement on how the national debt affects the economy and whether it imposes a disproportionate burden on current or future generations.

 

Issue Brief

Saving Social Security: General Revenue to the Rescue?

Friday, June 17, 2022

Introduction

Since the last major Social Security reforms enacted in 1983, every annual Trustees’ report has projected benefits would exceed payroll taxes (plus income taxes on benefits) by 2021 or earlier, and the combined retirement and disability trust funds would be depleted between 2029 and 2063. In fact, benefits have exceeded taxes every year since 2010, and the projected depletion date has varied only slightly between 2033 and 2035 for the past decade.[1]

 

Blog Post

CBO Budget and Economic Baseline: The Sleeping Giant Awakens

Friday, June 03, 2022

After a lengthy delay, the Congressional Budget Office (CBO) finally published its much anticipated budget baseline. The dataset is central to the budget and appropriations process, giving lawmakers a snapshot of current trends in spending, revenues, deficits, and debt for the current fiscal year (FY 2022) and the next 10 years (FYs 2023-2032)—information that will guide members of Congress as they make decisions on the 12 annual discretionary spending bills and key legislation affecting revenues and entitlement programs.

 

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

The DC Economic Conundrum

Wednesday, June 22, 2022

This week on Facing the Future, I am reminded of the words of Willie Nelson:  “Turn out the lights, the party’s over….” After 15 years of extremely low interest rates following the financial collapse of 2008 and the great recession we now have the highest inflation in 40 years.  As the federal reserve institutes substantial interest rate hikes in order to blunt the rise in consumer prices, many economists are openly speculating that we may be heading into another recession.