U.S. debt is hitting historic heights. How much of a problem is that?
September 03, 2020The 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%.
Concord in the News
Kentland Rotary members hear about the federal debt
September 03, 2020Newton County Enterprise
(Kevin) Wiley is involved with the Concord Coalition a national, nonpartisan organization dedicated to fiscal responsibility and reform.
Senate backlash on pandemic aid sets up September stopgap fight
September 03, 2020RollCall
Some Republicans fear a tea party-like backlash against the trillions of dollars in spending Congress approved, said Robert L.
Less than stimulating: Businesses, individuals and more need more help from Washington, now
September 03, 2020The Keene Sentinel
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.
Editorial: Public loves spending, hates taxes
September 03, 2020The High Point Enterprise
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.
Republican deficit hawks come off endangered species list
August 06, 2020
Guest View: The looming battle over pandemic unemployment insurance
August 06, 2020Seacoastonline.com
Coronavirus slams Social Security trust fund, speeds depletion
August 06, 2020Washington Times
“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.
No, U.S. isn’t expected to borrow heavily from China to pay for COVID-19 stimulus
May 21, 2020Politifact
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