“We need to have a strong economy,” says Robert L. Bixby, executive director of the nonpartisan Concord Coalition. “But a strong economy does not mean that we will be able to avoid making hard choices on programs like Medicare, Social Security and other spending priorities.”
Bixby recently met with the Seacoast Media Group Editorial Board to discuss the importance of policymakers acknowledging the nation’s fiscal challenges and of voters calling for actionable plans to address them. We agree engaging in reform, sooner rather than later, is important to ensure that future generations have a better standard of living and a brighter future.
Bixby says the United States is on an unsustainable fiscal track. It is rapidly building up the national debt, which is now equal to 78 percent of the economy (GDP). That is the highest level since the World War II era. Federal budget deficits continue to widen, nearing $1 trillion annually.