Concord in the News
The last time the U.S. federal deficit was this high, as a percentage of the total size of the economy, was 1946. The debt-to-GDP ratio was 119%.
(Kevin) Wiley is involved with the Concord Coalition a national, nonpartisan organization dedicated to fiscal responsibility and reform.
Some Republicans fear a tea party-like backlash against the trillions of dollars in spending Congress approved, said Robert L.
In short, the needs are sweeping and urgent, and a deal needs to be struck. The Democrats in their House bill started at $3 trillion in aid.
One of the few voices that has not been silent is that of the Concord Coalition, a nonpartisan group that for many years has tried to push both parties toward balancing the federal budget.
“If we were to suffer a recession identical to the Great Recession again, Social Security’s trust fund would be gone in 2029,” BPC analyst Nicko Gladstone said.