The Concord Coalition said today that it welcomes President Obama’s White House summit on fiscal responsibility and urged participants to seek common ground on key challenges rather than erect barriers to constructive solutions. Concord will be represented at the summit by Executive Director Robert L. Bixby. Concord’s President, Peter G. Peterson, will also participate in his capacity as founder of the Peter G. Peterson Foundation.
The Concord Coalition is a national, nonpartisan organization dedicated to fiscal responsibility and reform. Since 1992 Concord has worked to educate the American public about the causes and consequences of the growing federal debt and the need to develop realistic solutions for sustainable budgets.
Concord Executive Director Robert L. Bixby and the organization’s other budget experts are interviewed and quoted by journalists in Washington and around the country, from media organizations of all sizes, on a wide variety of subjects.
These subjects include the latest fiscal projections and proposals, health care, federal taxes, Social Security, Medicare, other domestic spending, the defense budget, economic growth and the congressional budget process.
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The Concord Coalition today urged lawmakers to take note of the first ever annual deficit projected to exceed $1 trillion and a post World War II high of 8.3 percent of GDP, and take steps to prevent deficits of this magnitude from becoming the norm. Concord warned that any attempt at economic stimulus must be coupled with steps to improve the nation’s longer term fiscal outlook. Concord also updated its “plausible baseline” reflecting reasonable adjustments to the new Congressional Budget Office outlook which now shows a 10-year deficit of $10.3 trillion.
As the election enters its final two weeks, The Concord Coalition today released an issue brief detailing the “Nine Challenges for ‘09” that will be faced by whichever presidential candidate wins the election.
WASHINGTON--The Concord Coalition today urged lawmakers not to use the financial rescue bill as a way to subvert fiscally important pay-as-you-go (paygo) budgeting rules. Concord warned that attaching political sweeteners—the extension of expiring tax provisions—to the bailout bill further politicizes the larger debate and deteriorates our nation’s fiscal outlook.
WASHINGTON -- As Congress and the Bush Administration negotiate a $700 billion plan to shore up credit markets by purchasing “troubled assets,” The Concord Coalition urged them to heed the lesson of Wall Street’s failure: corrective actions are more effective and much less costly if taken in advance of a crisis rather than in the face of one.
WASHINGTON—A new study, to be released September 22, reveals that the American people are willing to make sacrifices – in the form of spending cuts and tax increases -- to address growing federal fiscal imbalances, yet would do so only if they see greater government accountability.
Washington -- With today’s release of new projections by the Congressional Budget Office (CBO) showing deficits for as far as the eye can see -- even under very optimistic assumptions -- The Concord Coalition strongly urged enforcement of congressional pay-as-you-go rules (paygo) as a critical first step in restoring fiscal discipline. Waiving paygo for popular items such as extension of expiring tax cuts and relief from the Alternative Minimum Tax (AMT) would increase the deficit by $5.1 trillion over 10 years, including added debt service costs.
WASHINGTON – The Concord Coalition today released the Convention Edition of its Election 2008 “Key Questions” brochure. Representatives of The Concord Coalition will distribute the brochure at both the Democratic and Republican National Conventions. The brochure proposes questions that citizens and the media should ask candidates about the federal budget and the nation’s fiscal future. Each question features background information to provide context on these critical issues.
WASHINGTON--The Concord Coalition announced today that Charles S. Konigsberg has been hired as the organization's Chief Budget Counsel. Konigsberg comes to The Concord Coalition after having served more than two decades in senior-level positions in the U.S. Senate and Executive Branch.