The Concord Coalition

The Concord Coalition The Concord Coalition is a nonpartisan, grassroots organization dedicated to educating the public about America's fiscal challenges and how to build a sound foundation for economic growth.

The Concord Coalition is a non-partisan grassroots organization raising awareness about the dangerous state of the federal budget, and how it could lead to an economic crisis that would bankrupt the next generation. By inspiring and educating the public, we hope to give our lawmakers the support they need to change course now before this risk becomes reality. Discuss this issue with friends, and for more information, please visit our website at http://www.concordcoalition.org.

Operating as usual

Check out this week's Facing the Future, featuring Progressive Policy Institute President, Will Marshall, and PPI's poli...
09/23/2020

Check out this week's Facing the Future, featuring Progressive Policy Institute President, Will Marshall, and PPI's policy proposal "Building American Resilience."

"PPI's Vision for Recovery, Resilience" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/ppis-vision-recovery-resilience.

Will Marshall, president and founder of the Progressive Policy Institute, The Concord Coalition's Policy Director, Tori Gorman, and Concord’s Executive Director, Bob Bixby joined the show.

We discussed PPI's proposal, “Building American Resilience: A Roadmap for Recovery After COVID-19,” and #CBO's latest long-term #BudgetOutlook.

Check it out!

ICYMI: Check out our webinar on demographic issues, “The Case for Longer Work Lives," w/ Jason Fichtner (Johns Hopkins U...
09/17/2020
The Case for Longer Work Lives: Maintaining Economic and Living Standard Growth in an Aging America

ICYMI: Check out our webinar on demographic issues, “The Case for Longer Work Lives," w/ Jason Fichtner (Johns Hopkins University), Eugene Steuerle (Urban Institute) & Richard Jackson (GAI). Click for key quotes or watch the event. #Retirement #SocialSecurity

On September 15, three panelists and roughly 100 attendees participated in a moderated discussion via Zoom on topics related to challenges presented by America’s aging population.

This week's Facing the Future features Jason Fichtner and a conversation on #SocialSecurity, #Retirement, #FiscalPolicy ...
09/16/2020

This week's Facing the Future features Jason Fichtner and a conversation on #SocialSecurity, #Retirement, #FiscalPolicy and #MMT. Check it out!

"Retirement: When and How?" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/retirement-when-and-how.

Jason Fichtner, senior lecturer and an associate director of the Master of International Economics and Finance program at Johns Hopkins University, and The Concord Coalition's Executive Director, Bob Bixby, joined the show.

We discussed #SocialSecurity, #Retirement planning, #FiscalPolicy, #EconomicPolicy, #MonetaryPolicy, long-term #FiscalResponsibility and the #CBO's monthly budget review.

Check it out!

When viewed in isolation, the August headline statistics were very positive. According to the household survey, the topl...
09/10/2020

When viewed in isolation, the August headline statistics were very positive. According to the household survey, the topline U-3 unemployment rate dropped nearly two points, from 10.2 to 8.4 percent, the fourth straight month of decline.

Armed with this data, it would appear that lawmakers seeking to curb pandemic unemployment insurance or other income support programs have some support for their thesis. When the data is examined in broader context, however, a different picture emerges.

WEBINAR: The Case for Longer Work Lives.Hear experts discuss the challenges presented by the aging of America and potent...
09/09/2020
The Case for Longer Work Lives: Maintaining Economic and Living Standard Growth in an Aging America

WEBINAR: The Case for Longer Work Lives.
Hear experts discuss the challenges presented by the aging of America and potential policy solutions.

Click for more information and registration:

Extending work lives is an essential part of any workable strategy for addressing America’s aging challenge. Nothing is likely to do more to maintain economic and living standard growth in an aging America than unlocking the productive potential of the elderly. In the midst of a pandemic and with ...

Check out this week's Facing the Future, "No Time to Hang Up Your Hats."
09/09/2020

Check out this week's Facing the Future, "No Time to Hang Up Your Hats."

"No Time to Hang Up Your Hats" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/no-time-hang-your-hats.

Jon Lieber, managing director at the Eurasia Group, The Concord Coalition's Executive Director, Bob Bixby, and Concord's Policy Director, Tori Gorman joined the show.

We discussed the #CBO’s recently updated #BudgetBaseline, its impact on post-pandemic #Tax and #SpendingPolicy, #COVID19 relief legislation, the latest U.S. #JobsReport and more.

Check it out!

By 2023, CBO predicts debt held by the public will reach an ominous new record: 107 percent of GDP. Absent any legislati...
09/03/2020

By 2023, CBO predicts debt held by the public will reach an ominous new record: 107 percent of GDP. Absent any legislative fixes or unforeseen economic booms, debt to GDP will climb further to 109 percent of GDP by 2030, the end of the budget window.

CBO projects annual deficits will recede from their highwater mark in 2020, but remain atypically large throughout the b...
09/03/2020

CBO projects annual deficits will recede from their highwater mark in 2020, but remain atypically large throughout the budget window, exceeding a trillion dollars in every year of the forecast period.

This week, the Congressional Budget Office released its much-anticipated update to the 2020 budget baseline.
09/03/2020
COVID Spending Accelerates Budget Deterioration

This week, the Congressional Budget Office released its much-anticipated update to the 2020 budget baseline.

This week, the Congressional Budget Office released its much-anticipated update to the 2020 budget baseline. The previous installment from CBO was published in March 2020, just ahead of the COVID-19 outbreak in the United States, the subsequent economic fallout, and prior to enactment of the four pa...

"Common Ground Requires Conversation" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.conco...
09/02/2020
Common Ground Requires Conversation

"Common Ground Requires Conversation" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/common-ground-requires-conversation.
Former U.S Representative Lee Hamilton joined the show along with Concord's National Field Director Phil Smith and Indiana-based Fiscal Lookout Kevin Wiley. We discussed how #Congress has changed over the decades, the need for a pragmatic approach to tackle issues of the day, the importance of #civics #education and engagement, as well as the role of Concord's volunteer Fiscal Lookouts and how you could become one.

On the latest Facing the Future, I was joined by former United States Representative Lee Hamilton, who served Indiana’s 9th district from 1965 to 1999, Concord Coalition Executive Director, Bob Bixby, Concord's National Field Director, Phil Smith, and Indiana-bas

Concord is saddened to hear of the passing of our friend, Harold Janeway. He will be greatly missed. Read our full state...
08/25/2020
Harold Janeway: A Friend of the Future

Concord is saddened to hear of the passing of our friend, Harold Janeway. He will be greatly missed. Read our full statement below.

We are deeply saddened by the news of Harold Janeway's passing. If there was one thing that characterized Janeway, it was his commitment to future generations. He demonstrated this with his life’s work and through his many philanthropic endeavors. Janeway was a well-known conservationist, a level-...

From Policy Director Tori Gorman: Over 160,000 U.S. COVID-19 deaths. Record-setting economic decline. Over 31 million pe...
08/13/2020
Congress Punts, POTUS Plays and We Pay

From Policy Director Tori Gorman:

Over 160,000 U.S. COVID-19 deaths. Record-setting economic decline. Over 31 million people collecting some form of unemployment. Millions of children unable to return to school. Yet, lawmakers refused to compromise.

Unconscionable.

With twin crises leaving a trail of death and destruction, it's imperative that lawmakers rise above the low expectations they champion, return to Washington, and do the work they were elected to do.

Avid readers of The Lookout will notice that my missive today is unlike any of my previous entries. If you are accustomed to the colorful charts and technical policy analyses that usually accompany my posts, my sincerest apologies. Those features will return, but today’s post is from the heart.

Check out the latest Facing the Future podcast, with video too, "Pandemic Relief: Long-Term Care and Payroll Taxes."
08/12/2020

Check out the latest Facing the Future podcast, with video too, "Pandemic Relief: Long-Term Care and Payroll Taxes."

"Pandemic Relief: Long-Term Care and Payroll Taxes" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/pandemic-relief-long-term-care-and-payroll-taxes.

Howard Gleckman, senior fellow at the Urban-Brookings Tax Policy Center, Andrew Biggs, a resident scholar at the American Enterprise Institute, The Concord Coalition's Executive Director, Bob Bixby, and Concord's Policy Director, Tori Gorman discussed #COVID19 #ReliefLegislation, #PresidentTrump’s executive action concerning #PayrollTaxes, their potential implications and #SocialSecurity.

Check it out!

Before the coronavirus drove the U.S. into a deep recession this year, the unemployment rate was hovering around a 50-ye...
08/07/2020
Jobs Data Reflects Mostly Re-Hiring from Temporary Layoff

Before the coronavirus drove the U.S. into a deep recession this year, the unemployment rate was hovering around a 50-year low of 3.5 percent. Moreover, given the current pace of viral spread across the U.S., which now extends into rural areas, it is reasonable to expect the pace of rehiring to slow further and potentially even reverse if mitigation measures aren’t able to control the virus.

In a much-anticipated jobs report, the Department of Labor released data today showing continued hiring in July despite a surge in coronavirus cases, albeit at a slower pace than in previous months. The U.S. economy added 1.8 million jobs in July – in line with consensus estimates – but down fro...

A new paper jointly released by @ConcorC and #GAI explains why extending work lives is an essential part of any workable...
08/05/2020
The Case for Longer Work Lives

A new paper jointly released by @ConcorC and #GAI explains why extending work lives is an essential part of any workable strategy for addressing America’s aging challenge. Check it out: https://www.concordcoalition.org/special-publication/case-longer-work-lives

By Richard Jackson, Global Aging Institute When it comes to America’s aging challenge, it sometimes seems as if all of the possible policy responses involve painful tradeoffs between higher taxes and lower benefits. While such tradeoffs are unavoidable, there is one response that could greatly mit...

Check out this week's Facing the Future episode, "Shape of Things to Come: Longer Work Lives." Richard Jackson from #GAI...
08/04/2020

Check out this week's Facing the Future episode, "Shape of Things to Come: Longer Work Lives." Richard Jackson from #GAI discusses the second paper in our #ShapeOfThingsToCome series.

#Demographics #Aging #SocialSecurity #Medicare #Economy #Retirement #Workforce #Productivity #PublicPolicy #COVID19

"Shape of Things to Come: Longer Work Lives" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/shape-things-come-longer-work-lives.

Richard Jackson, president and founder of the Global Aging Institute and The Concord Coalition's Executive Director, Bob Bixby discuss the second paper in a new series called The #ShapeOfThingsToCome, a joint effort by GAI and Concord. The paper is titled, “The Case for Longer Work Lives.”

#Demographics #SocialSecurity #Medicare #Economy #Retirement #Workforce #Productivity #PublicPolicy #COVID19

08/04/2020
Facing the Future

BIG news:

Now you can catch up with Facing the Future on all major streaming services!

Pandora:
https://www.pandora.com/podcast/facing-the-future/PC:34379
Spotify:
https://open.spotify.com/show/45YJfRRPk5cxUA2FwBzYee?si=TOLzW4fCQYGn0t7hIM0_Zw
iTunes:
https://podcasts.apple.com/us/podcast/facing-the-future/id1358498409
Google Play:
https://play.google.com/music/listen?u=0#/ps/Icpxrglg4l244qmmhjp4mzsejb4

Be sure to follow Facing the Future in order to get timely updates!

Listen to "Facing the Future" each week to hear expert opinions on U.S. fiscal policy. Hear from policy experts, industry leaders and elected officials.

The U.S. Senate recently introduced a #COVID19 relief package called the #HEALSAct. Read how it compares to the House-pa...
07/31/2020
Comparing Major Provisions of the House and Senate Pandemic Relief Packages

The U.S. Senate recently introduced a #COVID19 relief package called the #HEALSAct. Read how it compares to the House-passed #HEROESAct and the already-enacted #CARESAct.

More than two months after House Democrats passed their version of the next installment of pandemic relief for struggling Americans (H.R.6800, the HEROES Act), Senate Republicans and Trump administration officials finally joined the debate and introduced their own: The Heath, Economic Assistance, Li...

07/29/2020
The Concord Coalition

REMINDER: Join us for a conversation on "health coverage for all" as the nation recovers from COVID-19, discussing policy options, fiscal implications and where the debate is heading.

Register to join the Webinar:
https://www.eventbrite.com/e/health-coverage-for-all-what-does-that-mean-and-what-are-the-implications-tickets-113338135414

or watch the livestream on our page:
https://www.facebook.com/ConcordCoalition

Both will kickoff at 12:00pm EST.
#HealthCoverage4All

The Concord Coalition is a nonpartisan, grassroots organization dedicated to educating the public about America's fiscal challenges and how to build a sound foundation for economic growth.

FAQ: Since the beginning of the year, the nation's debt has grown by more than $3 trillion. Isn't there supposed to be a...
07/23/2020
FAQ: What’s Up with the Debt Limit? | Concord Coalition

FAQ: Since the beginning of the year, the nation's debt has grown by more than $3 trillion. Isn't there supposed to be a federal debt limit and why didn't it kick-in?

QUESTION: Since the beginning of the year, the nation's debt has grown by more than $3 trillion. Isn't there supposed to be a federal debt limit and why didn't it kick-in? ANSWER: The short answer is that the statutory debt limit has been suspended through July 2021, allowing lawmakers to borrow wit...

Listen to this week's Facing the Future, featuring Jared Bernstein from the Center on Budget and Policy Priorities, "Spr...
07/23/2020

Listen to this week's Facing the Future, featuring Jared Bernstein from the Center on Budget and Policy Priorities, "Spreading Virus Brings Economic Flatline."

"Spreading Virus Brings Economic Flatline" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/spreading-virus-brings-economic-flatline.

Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, discussed how the #COVID19 #Pandemic is impacting the #Economy and #Budget, including what #Policymakers should be considering in an additional economic #ReliefPackage.

House-drafted appropriations bills rely on a host of egregious but well-worn budget gimmicks that permit lawmakers to sp...
07/16/2020
House Appropriations Bills Rely on Egregious Budget Gimmicks

House-drafted appropriations bills rely on a host of egregious but well-worn budget gimmicks that permit lawmakers to spend significantly more than last year’s budget agreement allows.

Ordinarily, Concord would apply similar scrutiny to any Senate appropriations product, but the chamber hasn’t produced any yet, not a single bill.

Next week, the House of Representatives will debate its first appropriations package for the fiscal year that begins October 1. Floor action will start with a $259.5 billion package that combines four of the annual spending bills into one “minibus” appropriations bill: Agriculture, Interior-Envi...

On Facing the Future, Jim Capretta from the American Enterprise Institute discusses current fiscal and economic policy, ...
07/15/2020

On Facing the Future, Jim Capretta from the American Enterprise Institute discusses current fiscal and economic policy, entitlement programs and health care in "Favorable Position, Unsustainable Policy."

"Favorable Position, Unsustainable Policy" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/favorable-position-unsustainable-policy.

American Enterprise Institute Resident Fellow and Milton Friedman Chair, Jim Capretta, and The Concord Coalition's Executive Director, Bob Bixby discussed current #Fiscal and #EconomicPolicy, #Entitlement programs, #HealthCare and even the federal #DebtLimit. Check it out!

Congress has spent much of this year necessarily focused on the coronavirus. The new fiscal year begins on October 1, bu...
07/09/2020
FAQ: Will Fiscal Year 2021 End with a Government Shutdown? | Concord Coalition

Congress has spent much of this year necessarily focused on the coronavirus. The new fiscal year begins on October 1, but neither chamber has passed a single spending bill for 2021. Are we headed for another government shutdown in the fall?

QUESTION: Congress has spent much of this year necessarily focused on the coronavirus. The new fiscal year begins on October 1, but neither chamber has passed a single spending bill for 2021. Are we headed for another government shutdown in the fall?

Overall, CBO says that the “economic outlook for 2020 to 2030 has deteriorated significantly” since its last baseline pr...
07/09/2020
CBO Finds Significant Decline in 10-Year Economic Outlook

Overall, CBO says that the “economic outlook for 2020 to 2030 has deteriorated significantly” since its last baseline projections in January.

Mixed messages and a high degree of uncertainty were featured prominently in updated economic projections issued on Thursday, July 2nd by the Congressional Budget Office (CBO). These projections will be used in updating CBO’s 10-year budget outlook later this summer.

Congressional Budget Office Director, Phil Swagel, The Concord Coalition's Executive Director, Bob Bixby and Policy Dire...
07/08/2020

Congressional Budget Office Director, Phil Swagel, The Concord Coalition's Executive Director, Bob Bixby and Policy Director Tori Gorman discuss #CBO’s recent update to its 10-year #EconomicOutlook and the latest happenings with the #Appropriations process in #Congress.

"CBO Director on the Good, Bad and Uncertain" is the latest #FacingTheFuture episode. LISTEN (AND WATCH) HERE: https://www.concordcoalition.org/blog-post/cbo-director-good-bad-and-uncertain.

Congressional Budget Office Director, Phil Swagel, The Concord Coalition's Executive Director, Bob Bixby and Policy Director Tori Gorman discuss #CBO’s recent update to its 10-year #EconomicOutlook and the latest happenings with the #Appropriations process in #Congress.

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Comments

New article on SA
Thank you for common sense. Can you deliver some of this to Congress?
Believe you are dead right on need control healthcare costs. Need large discussion of specifics. Let DNR mean DNR. Publicize bureaucrat and consruction expenses. Open the books in the local papers. Must be a little confrontational and T V oriented to get attention.
If medical technology and inventions to improve and add to the extension of living longer lives had not been achieved, then those of us over 65 would no longer be a burden to SS, Medicare, Medicaid, and other federally funded 'safety net' programs (entitlements). The federal government’s financial problems are so large that all parts of the budget -- from entitlements to defense spending to tax breaks -- should be considered “on the table” for fiscal reform discussions.