Concord in the News
“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.
Most of the debt incurred so far to deal with the coronavirus has been purchased by the Federal Reserve, not foreign or domestic savers, said Joshua Gordon, senior policy adviser at the Concord Coa
Smith, with the Concord Coalition, and others who lament Congress didn’t take advantage of the pre-pandemic years of growth to eliminate deficit spending and lower the national debt said not doing
Robert Bixby, executive director of the Concord Coalition, an advocacy group that focuses on ending deficit spending and promoting a balanced budget, warned: “Ignoring the warnings in these reports
The federal budget deficit for the 2021 fiscal year is nearly $1 trillion, and the debt is estimated at more than $24 trillion.
President Trump this afternoon signed a $2 trillion spending bill to respond to the health emergency, while the Federal Reserve spent the better part of a trillion dollars this week buying bonds of
As the nation grapples with devastating healthcare and economic consequences of the spreading COVID-19 pandemic, policymakers in Washington have been ratcheting-up their responses.