Doing Nothing is Not a Plan to Fix Social Security

Submitted by jgordon on Wed, 07/19/2017 - 13:31
Social Security is the largest program in the federal budget, accounting for almost 24 cents out of every dollar spent by the government in 2016. The program consists of two main components: Old Age and Survivors Insurance, which provides benefits to 49 million retired individuals and their dependents, and their survivors; and Disability Insurance, which pays benefits to 11 million workers with disabilities and their dependents.

Making Health Care Programs Sustainable Depends on Controlling Costs

Submitted by swinn on Tue, 07/18/2017 - 12:38
Health care programs are the largest and fastest growing in the federal budget. These programs include Medicare (providing health insurance for older Americans), Medicaid (providing health insurance for lower-income Americans), the Children’s Health Insurance Program, and subsidies for individuals to purchase private health insurance under the Affordable Care Act. Currently they comprise almost 30 cents out of every dollar spent by the federal government.

CBO Analysis Raises Doubts on White House Budget

Submitted by swinn on Mon, 07/17/2017 - 11:36
The Congressional Budget Office (CBO) last week published its official analysis of the president’s budget. When initially released, that budget purported to, among other things: balance within ten years, reduce the national debt relative to the size of the economy, and unleash real economic growth rates of 3 percent. The new CBO analysis casts doubt on these assertions.

Trustees Show Need for Social Security, Medicare Reforms

Submitted by swinn on Thu, 07/13/2017 - 16:17

WASHINGTON -- This year’s reports from the trustees of Social Security and Medicare highlight the need for substantial reforms to both programs that can put them on sustainable paths while protecting other government priorities in the coming years, according to The Concord Coalition.

Driving up the Cost of Social Security, Medicaid

Submitted by chagaman on Thu, 07/13/2017 - 15:42

Central to the nation’s long-term fiscal challenge is a changing demographic landscape that President Trump’s proposed budget fails to address, according to a guest column by Robert L. Bixby, executive director of The Concord Coalition, and Harold Janeway, a former state senator who serves on Concord’s New Hampshire Advisory Board. This article first appeared in The Nashua Telegraph (New Hampshire) on July 9, 2017. 

 

25 Years, 25 Lessons on Fiscal Reform

Submitted by jgordon on Thu, 07/06/2017 - 08:19

The Concord Coalition is celebrating its 25th anniversary this year. From the beginning, we have been more than “deficit hawks” with an eye only for balanced budgets. Rather, our focus has always been - and remains - achieving federal budget policies that are sustainable over the long term. We believe that this is an economic imperative and a matter of generational responsibility.

The American People, If Presented With Credible and Understandable Information, Can Make Tough Fiscal Policy Trade-offs

Submitted by jgordon on Wed, 07/05/2017 - 23:35
Over the past 25 years, The Concord Coalition has hosted hundreds of events with lawmakers, universities, civic organizations, trade associations and many others to focus attention on the nation’s long-term fiscal challenges. Our goal has been to present these audiences with straight-forward facts in programs that are free of partisanship and ideology. The message has been simple: Whether you prefer a smaller or larger government, it must be paid for.

The Independence and Credibility of the CBO Are Essential

Submitted by jgordon on Wed, 07/05/2017 - 23:33
The Congressional Budget Office (CBO) provides a critical service for policymakers and the public: projecting the budgetary and economic impacts of proposed legislation. Since its inception in 1974, CBO has established an unparalleled track record for objectivity and analytical rigor.

Popular Options, Like Cutting Waste, Fraud and Abuse or Growing Our Way Out of Debt, Are Not Enough

Submitted by jgordon on Wed, 07/05/2017 - 23:28
Many politicians who want to simultaneously receive credit for promoting fiscal responsibility while avoiding the tough decisions required often look for easy solutions. The two most common of these are pledges to cut “waste, fraud and abuse” and to “grow our way out of the problem.” These supposedly easy options, however, are not enough to address our nation’s long-term fiscal challenges.