Reports on Medicare, Social Security Underscore that Younger Americans Have the Most at Risk

Submitted by jgordon on Tue, 06/05/2018 - 16:12

WASHINGTON -- The Concord Coalition said today that this year’s reports from the Social Security and Medicare trustees again show that these programs need substantial reforms to put them on sustainable paths without squeezing other national priorities out of the federal budget.

Don't Be Penny Wise and Pound Foolish With the Budget

Submitted by swinn on Mon, 06/04/2018 - 17:28

“As we look at keeping discretionary spending under control we do want to be careful and maintain a fiscally responsible approach, but we don’t want to cut the heart out of things that are needed for investment or national security,” said Robert L. Bixby, executive director of The Concord Coalition.

On the latest "Facing the Future" episode, Bixby joined the program to discuss discretionary spending and entitlement programs.

What the Government Spends on Health Care

Submitted by jgordon on Fri, 06/01/2018 - 16:35

The Congressional Budget Office (CBO) recently released an update to its estimates and projections of the cost and use of federal government subsidies for health insurance for people under age 65.

The headline number is that the government will spend $685 billion in 2018 on such subsidies, helping 89 percent of the 273 million people under age 65 in the United States get health insurance.

College Students: Reform Is 'Up to Us'

Submitted by swinn on Tue, 05/29/2018 - 11:44

“I remember sitting, looking at the national debt clock projected on the smart board and realizing how much of an issue this is,” said Brittany Brown, a top ten finalist in the national “Up to Us” competition to encourage fiscal responsibility.

CBO Report Underscores Problems in Trump's Budget Plan

Submitted by swinn on Thu, 05/24/2018 - 16:07

WASHINGTON -- The nonpartisan Congressional Budget Office (CBO) today released its analysis of President Trump’s proposed budget for Fiscal 2019. Robert L. Bixby, executive director of The Concord Coalition, issued the following statement:

CBO’s analysis today of the president’s budget is another grim reminder of the nation’s increasingly dire fiscal outlook.

'A Fairly Ugly Picture': the Economic Risks of Current Fiscal Policy

Submitted by swinn on Mon, 05/21/2018 - 09:25

The American economy is at risk for a variety of reasons: high and rising federal debt, mounting interest and health costs, recent tax and spending decisions, and widespread complacency -- in Washington and around the country -- about the difficult fiscal challenges ahead.  

The Children Are Our Future

Submitted by swinn on Thu, 05/17/2018 - 15:42

“In only a few years we will be spending more servicing our past debt than we will investing in our future,” Marc Goldwein, senior vice president for the Committee for a Responsible Federal Budget (CRFB), said recently.

Trump's Prescription Drug Proposal: No Immediate Relief

Submitted by jgordon on Thu, 05/17/2018 - 15:27

This week the Trump administration released a compilation of ideas aimed at reducing prescription drug costs. Slowing the rise of drug costs is an important part of addressing the nation’s fiscal challenges because rising health care costs are the largest driver of long-term deficits.

About 10 percent of health care spending, roughly $360 billion in 2018, goes to prescription drugs. Drug spending is also the fastest-growing type of health care spending when projecting over the next five to ten years.

Rescissions Bill is a Smokescreen

Submitted by jgordon on Mon, 05/14/2018 - 11:46

With some fanfare, the Trump administration has sent Congress a rescission request that would cancel $15.3 billion of “budget authority” that was granted to executive branch agencies in past legislation.