National Debt

Blog Post

Why the National Debt Just Hit $20 Trillion

September 13, 2017
On Sept. 8 the national debt increased by over $300 billion, surpassing $20 trillion for the first time in history -- a symbolic reminder of the federal government’s flawed fiscal policy. But how exactly did we get to this point, and why was there such a sharp increase in a single day?

25th Anniversary Reception: Learning Fiscal Lessons

Sep. 19, 2017, 5:30pm-7:00pm
Host:
Chase Hagaman
Address:
The Coach House Restaurant (Sargent Room) at the New London Inn
353 Main Street, New London, NH 03257
Free; RSVP required

Budget Chaos in Context: Fiscal Lessons Learned for a Challenging Future

State Representative Dan Wolf and attorney Brad Cook invite you to a cocktail reception with The Concord Coalition as it marks its 25th anniversary by looking at fiscal lessons learned the past quarter-century and how those lessons apply to the major policy challenges of the next 25 years.

While the political and economic landscapes have changed, one thing remains the same: our fiscal trajectory is unsustainable.

Concord’s Executive Director, Robert Bixby, and New England Regional Director, Chase Hagaman, will discuss current and future fiscal trends and challenges and share what Concord has been doing in New Hampshire in its push to engage citizens on these vital issues.

Whether you know Concord well, or are unfamiliar with its efforts, this reception will update you on the organization’s work and the need for a more productive fiscal policy conversation at the national level.

Concord was co-founded by former U.S. Senator for New Hampshire, Warren B. Rudman.

What: Budget Chaos in Context: Fiscal Lessons Learned for a Challenging Future

When: Tuesday, September 19

5:30 p.m., Reception & Registration; 6:15 - 7:00 p.m., Program

Where: The Coach House Restaurant (Sargent Room) at the New London Inn

353 Main Street, New London, NH 03257

About the Host
Chase Hagaman Headshot

Chase A. Hagaman is the New England regional director of The Concord Coalition. Concord is a nonpartisan organization that encourages fiscal responsibility in Washington and helps to raise public awareness about the need for responsible fiscal policies that protect our children and future generations.

Hagaman, a resident of New Hampshire, works with community leaders, student groups, business organizations, Concord volunteers, and elected officials across New England and upstate New York. He organizes public education events, performs media outreach and engages volunteers.

Hagaman is a member of the New Hampshire Bar. He received his law degree from the University of New Hampshire and a Bachelor of Science in Finance from the University of South Florida. Hagaman’s work with law firms, the court system and state and municipal agencies helped shape his passion for public policy. He invests his personal time in his community, including coaching for a high school rowing program.

Hagaman joined Concord to champion the mission of its founders, the late Senators Warren Rudman and Paul Tsongas. As part of the next generation of leaders, Hagaman has become an ardent advocate for lasting reform who works to bridge generational gaps as he brings awareness to fiscal issues.

Celebrating our 25th Anniversary in Concord, MA: Fiscal Lessons for the Future

Sep. 25, 2017, 12:00pm-1:30pm
Host:
Chase Hagaman
Address:
The Colonial Inn
48 Monument Square, Concord, MA 01742
Free; RSVP required

Budget Chaos in Context: Fiscal Lessons Learned for a Challenging Future

Join The Concord Coalition as we mark our 25th anniversary by looking at fiscal lessons learned the past quarter-century and how those lessons apply to the major policy challenges of the next 25 years. While the political and economic landscapes have changed, one thing remains the same: our fiscal trajectory is unsustainable.

Featuring:

  • Congresswoman Niki Tsongas is the United States representative for the third district of Massachusetts, a seat she has held since 2007 and the same seat held three decades earlier by her late husband, Paul Tsongas. Paul was also a senator, presidential candidate and co-founder of The Concord Coalition.  

  • Doug Elmendorf is an economist, dean and Don K. Price professor of public policy at Harvard Kennedy School and was the director of the Congressional Budget Office from 2009 to 2015.

  • Scot Lehigh is a columnist for the Boston Globe, was a Pulitzer Prize finalist in national reporting for his coverage of the 1988 presidential campaign and has covered state and national politics since 1985. Scot will moderate a panel taking place during the event.

  • Robert Bixby is executive director of The Concord Coalition, a nonpartisan grassroots organization that advocates for generationally responsible fiscal policy.

 

What: Budget Chaos in Context: Fiscal Lessons Learned for a Challenging Future

When: Monday, September 25 12:00 p.m., Lunch & Registration; 12:30 - 1:30 p.m., Program

Where: The Colonial Inn, 48 Monument Square, Concord, MA 01742

About the Host
Chase Hagaman Headshot

Chase A. Hagaman is the New England regional director of The Concord Coalition. Concord is a nonpartisan organization that encourages fiscal responsibility in Washington and helps to raise public awareness about the need for responsible fiscal policies that protect our children and future generations.

Hagaman, a resident of New Hampshire, works with community leaders, student groups, business organizations, Concord volunteers, and elected officials across New England and upstate New York. He organizes public education events, performs media outreach and engages volunteers.

Hagaman is a member of the New Hampshire Bar. He received his law degree from the University of New Hampshire and a Bachelor of Science in Finance from the University of South Florida. Hagaman’s work with law firms, the court system and state and municipal agencies helped shape his passion for public policy. He invests his personal time in his community, including coaching for a high school rowing program.

Hagaman joined Concord to champion the mission of its founders, the late Senators Warren Rudman and Paul Tsongas. As part of the next generation of leaders, Hagaman has become an ardent advocate for lasting reform who works to bridge generational gaps as he brings awareness to fiscal issues.

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Blog Post

The Debt Limit is More Trouble Than It’s Worth

September 06, 2017
The original purpose of creating a statutory debt limit in 1917 was not to prevent the government from running up too much debt, but to remove the requirement that Congress authorize individual issuances of debt. The intent was to help ensure that sufficient and timely credit would be available to finance World War I. One hundred years later, things are very different. The main use of the debt limit now is to prevent the government from paying its bills on time, putting the nation’s creditworthiness at risk and threatening a global financial crisis.
Issue Brief

A Tale of Two Deadlines

Two deadlines converge by coincidence this year. They are not related to one another and the precise consequences of failing to deal with them in a timely manner are different. Missing either of the deadlines, however, has the potential to do harm to the nation’s fiscal situation and the economy. There is certainly no good reason for provoking a standoff on either.
In the News

A Q&A on Trump's tax plan. Brace yourself

August 23, 2017
New Jersey Star-Ledger
Topics
Fiscal Responsibility
National Debt
Tax Policy

If you are looking for straight talk on the country's fiscal crisis, the best place to find it is at bipartisan think-tanks, where experts are willing to face the daunting math, and challenge the p

Blog Post

Bipartisan Policy Changes Can Put the Debt on a Downward Trajectory

August 09, 2017
When The Concord Coalition was founded in 1992, the national debt was on a sharp upward trajectory. Yet just five years later, Democratic President Bill Clinton signed legislation passed by a Republican Congress that implemented the first balanced budget in decades. By the time Clinton left the White House, the Congressional Budget Office was projecting a 10-year surplus of over $5 trillion and there was even discussion about whether the national debt could be paid off entirely.