Blog posts

Blog Post

Debt Is a No-Show at First Debate

September 27, 2016

The first segment of the first presidential debate between Democrat Hillary Clinton and Republican Donald Trump was dedicated to achieving prosperity.

That provided an opportunity for the moderator to ask about -- and the candidates to talk about -- their respective plans for putting the nation’s projected debt on a sustainable path. It’s hard to see how prosperity can be achieved, or long maintained, with a debt that is projected to reach unsustainable levels.

Unfortunately, the subject was not discussed.

Blog Post

Pass Biennial Budgeting to Fix a Broken Budget Process

September 26, 2016

Even casual observers of today’s federal budget process can see it is badly broken.

Congress has repeatedly failed to pass budget resolutions. Failure to pass appropriations bills has become the norm, forcing lawmakers to rely on continuing resolutions, bills that simply extend prior spending regardless of shifting priorities. And efforts to negotiate legislation on a long-term fiscal plan are non-existent. 

Blog Post

Penny Plan Is Not a 'Plan,' It’s a Dodge

September 16, 2016

The penny plan to reduce spending by one cent on every dollar (one percent a year) has been bouncing around Washington for years but is now getting a higher profile with versions supported by the Senate Budget Committee Chairman Mike Enzi and the Republican nominee for president, Donald Trump. 

Blog Post

Signs of Fiscal Life on Capitol Hill

August 02, 2016

In the midst of a “bleak” time for the nation’s long-term finances, Phil LaRue, The Concord Coalition’s director of government relations, recently noted three small signs of fiscal life in Washington.

The Congressional Budget Office (CBO) and the Social Security and Medicare trustees continue to point out the dangerous consequences of continued failure to put federal finances on a sustainable path. But some lawmakers and candidates are promising large new tax cuts or benefit increases without considering their costs, LaRue writes in a blog post.

Blog Post

Three Signs of Fiscal Life in Washington

July 21, 2016

The overall budget picture in Washington remains bleak as lawmakers have left town without making any meaningful progress on the appropriations process. They are now anticipating a September scramble to approve a Continuing Resolution (CR) to keep the government open after the new fiscal year begins Oct. 1. This means Congress, yet again, would be falling back on legislation that indiscriminately maintains the funding levels of the previous year, with little or no attention to the necessity of increased or decreased funding levels for important programs.