Deficit

Blog Post

It’s Important to Distinguish Between Short-Term Cyclical Deficits and Long-Term Structural Deficits

July 27, 2017
Not all deficits are created equal. In designing policy responses, it is important to distinguish between “cyclical” and “structural” deficits. Cyclical deficits are caused by a weak economy. Recessions drive down government revenue because many workers and businesses are no longer earning as much taxable income. At the same time, government spending rises because more people need assistance through programs such as Medicaid, unemployment benefits and food stamps.

Regional Director Speaking to Nashua Rotary Club

Jul. 10, 2017, 12:00pm-1:30pm
Concord Staff:
Address:
The Nashua Country Club
25 Fairway St, Nashua, NH 03060
Free

Chase Hagaman, New England regional director for The Concord Coalition, will be presenting on the need for generationally minded fiscal policy in Washington to Nashua Rotary Club members on Monday, July 10. 

Watch Event

Where are We Headed with the Federal Budget? Former Congressman Paul Hodes and the Concord Coalition Respond

Jul. 5, 2017, 7:00pm-8:30pm
Concord Staff:
Address:
The Exeter Inn
90 Front Street, Exeter, NH
Free

Exeter – Non-partisan agencies, such as the Congressional Budget Office and the Government Accountability Office, warn that the Federal budget is on an unsustainable path.  And while political leaders continue to turn a blind-eye to the need for long-term fiscal policy reform, the federal debt grows closer to $20 trillion.

Recently proposed tax and spending plans run the risk of compounding existing budget shortfalls, moving the needle in the wrong direction.  For the sake of current and future generations, political leaders and citizens must act with fiscal responsibility in mind.

To educate the public about what’s at stake, the Rockingham County Democrats are sponsoring a talk by Paul Hodes, former Congressman from New Hampshire’s Second District, and Chase Hagaman, Regional Director of the Concord Coalition.  Their talk will be this Wednesday, July 5, at 7:00 pm at the Exeter Inn (Daniel Webster Room), 90 Front Street, Exeter, NH.

Hon. Paul W. Hodes served two terms in Congress (2007-2011).  A graduate of Dartmouth College and Boston College Law School, Hodes is President of a not-for profit political advocacy organization, an attorney, consultant to businesses and not-for profit institutions and a musician.

Chase A. Hagaman is the New England regional director of The Concord Coalition.  Hagaman, a resident of New Hampshire, organizes public education events, performs media outreach and engages volunteers in Concord's fiscal responsibility efforts.  He is a licensed attorney, having received his law degree from the University of New Hampshire after getting a Bachelor of Science in Finance from the University of South Florida.  The Concord Coalition is a non-partisan grassroots organization that advocates for generationally minded fiscal policy in Washington. 

A question-and-answer session will follow their remarks.

The event is free and open to the public.

WHO: Rockingham County Democratic Committee (sponsor)

WHAT: Paul Hodes and Chase Hagaman talking about the Federal budget

WHERE:  Exeter Inn (Daniel Webster Room), 90 Front Street, Exeter, NH

WHEN: Wednesday, July 5th, 7:00 PM

 

Blog Post

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

July 06, 2017
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.

Budgets & Bagels

Jun. 28, 2017, 8:30am-10:00am
Concord Staff:
Address:
Sheehan Phinney
1000 Elm Street, 17th Floor, Manchester, NH 03101
Free; RSVP required

Join The Concord Coalition for coffee, bagels and a nonpartisan discussion on federal fiscal policy,
its impact on you and why your voice matters.

The federal debt will soon hit $20 trillion. Non-partisan agencies, such as the Congressional Budget Office and the Government Accountability Office warn that the budget is on an unsustainable path, while few in Congress or the Trump Administration seem to be concerned. They should be.