Analysis & Indicators

Blog Post

A Balanced Budget Amendment to the Constitution is Not Necessary for Responsible Fiscal Policy

August 11, 2017
Many politicians and members of the public who are frustrated with the inability of Congress and the president to make responsible fiscal choices have proposed a seemingly simple solution:  Amend the Constitution to require a balanced budget. While the sentiment behind this idea is understandable, it would be very difficult in practice to compel a balanced budget each year, and attempting to enforce it through the courts would be all but impossible.
Policy Memo

Swift Bipartisan Action Needed on Health Care

August 01, 2017
With the Senate’s failure to pass health care legislation in last week’s votes, Congress should turn to a bipartisan approach. This is needed both to fix the serious, short-term problems with health care marketplaces around the country and to propel health care cost-control initiatives over the longer term.
In the News

Medicare Scare Tactics

August 14, 2017
FactCheck.Org
Topics
Congress
Health Care

TV ads from a Democratic group warn seniors that “right now, your Medicare coverage is in danger,” claiming “deep, automatic cuts” could be made by “unelected Washington bureaucrats.” But those cut

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Blog Post

A Balanced Budget Amendment to the Constitution is Not Necessary for Responsible Fiscal Policy

August 11, 2017
Many politicians and members of the public who are frustrated with the inability of Congress and the president to make responsible fiscal choices have proposed a seemingly simple solution:  Amend the Constitution to require a balanced budget. While the sentiment behind this idea is understandable, it would be very difficult in practice to compel a balanced budget each year, and attempting to enforce it through the courts would be all but impossible.
Blog Post

It's Easier to Correct Overshooting on Deficit Reduction Than Undershooting

August 10, 2017
A common excuse for inaction on federal deficits is that relative to the size of the economy, they aren’t abnormally large and are projected to stay that way for a few more years. Furthermore, current projections may prove to be overly pessimistic, the argument goes, so what reason do today’s policymakers have to act immediately?
Blog Post

Bipartisan Policy Changes Can Put the Debt on a Downward Trajectory

August 09, 2017
When The Concord Coalition was founded in 1992, the national debt was on a sharp upward trajectory. Yet just five years later, Democratic President Bill Clinton signed legislation passed by a Republican Congress that implemented the first balanced budget in decades. By the time Clinton left the White House, the Congressional Budget Office was projecting a 10-year surplus of over $5 trillion and there was even discussion about whether the national debt could be paid off entirely.