Proposed Amendment Often Just a Smokescreen for Fiscal Irresponsibility

Submitted by swinn on Thu, 04/05/2018 - 09:52

Plans are in the works for a House vote this month on a balanced budget amendment to the Constitution -- a project that is hard to take seriously after Congress in recent months has approved large, deficit-financed tax cuts and budget-busting increases in defense and domestic spending.

Ready or Not, Here Comes 2020

Submitted by jgordon on Mon, 03/26/2018 - 12:20

The seventh program of “Facing the Future” covered a variety of topics, including the budget process, the 2020 presidential election and funding to combat the nation’s opioid crisis. I was joined on the show by Concord Coalition Executive Director Robert L. Bixby and Concord’s New Hampshire State Director Tyler Sweeney.

Spending Bill Gives Deficit Another Boost

Submitted by swinn on Fri, 03/23/2018 - 09:10

WASHINGTON -- President Trump today signed the $1.3 trillion spending bill to fund government programs for the remaining six months of Fiscal 2018. The following statement is from Robert L. Bixby, executive director of The Concord Coalition:

Congress and President Trump seem to have abandoned all sense of fiscal responsibility in recent months, passing bills first to cut taxes and now to dramatically increase both defense and domestic spending -- all of which will require more federal borrowing.

Remembering Peter G. Peterson

Submitted by swinn on Tue, 03/20/2018 - 16:07

The Concord Coalition mourns the loss of its founding President Peter G. Peterson, who died today at the age of 91. Executive Director Robert L. Bixby issued the following statement:

Pete Peterson lived the American Dream. As a depression-era child of Greek immigrants, Pete rose from dishwasher at his parents’ diner in Kearney, Nebraska to become one of the nation’s top business leaders, a presidential cabinet member and a best-selling author.

Higher Prices, Administrative Costs Drive U.S. Health Care Inefficiency

Submitted by swinn on Tue, 03/20/2018 - 11:34

A new study in the Journal of the American Medical Association looks across the health care systems of the 10 highest-income countries around the globe to examine what makes our system uniquely inefficient -- spending almost twice as much per person, with worse population health outcomes on measures like life expectancy.

No Joke: More Deficit-Financed Tax Cuts Would Be a Big Mistake

Submitted by swinn on Mon, 03/19/2018 - 11:07

It probably isn’t a good sign when a political project is initially mistaken for a joke.

But President Trump and House Ways and Means Chairman Kevin Brady last week found themselves having to insist that they were serious about wanting a new round of tax cuts on top of the deficit-financed tax cuts that were approved only three months ago.

Budget Process Badly Needs an Upgrade

Submitted by swinn on Mon, 03/12/2018 - 11:32

A new joint congressional committee on the budget process held its first meeting Thursday amid bipartisan hopes that the panel would be able to suggest helpful reforms late this year.

Certainly there is room for improvement. Year after year the budget process has broken down, with Congress failing to make final spending decisions for each fiscal year until well after that year has started.