Former State Senate President and Fix the Debt—Maine Co-Chair Rick Bennett joined a diverse group of concerned individuals from across the country.
Join us for a benefit concert in Washington DC on June 24 to raise awareness of the U.S. debt, sponsored by The Can Kicks Back and Fix the Debt.
The prospects for a debt deal are real, but policymakers need to get to work.
Fiscal Commission co-chairs, and Fix the Debt co-founders, Alan Simpson and Erskine Bowles released a detailed fiscal plan to follow up on their previous blueprint. It will save $2.5 trillion over ten years.
President Obama recently unveiled his fiscal year 2014 federal budget request. We cover the important reforms the budget puts on the table and how it sets the stage for finding consensus on fiscal reform.
Updates From Mainesee more »
17 May 2013 - On Friday the Congressional Budget Office (CBO) released its score of President Obama’s fiscal year 2014 budget request. It confirms what we’ve said before, the budget moves in the right direction in bringing down debt in the short term, but more will be required.
17 May 2013 - The suspension of the statutory debt ceiling put in place earlier this year will be lifted on May 18. However, policymakers are showing little urgency in addressing it because of a confluence of factors. But putting off our long-term debt problem until another debt limit crisis is upon us would likely result in bad policy and could impair the recovery.
16 May 2013 - When they tangled in 1994, it wasn't pretty. If Baldacci and Bennett can now get along, the two told the Androscoggin County Chamber of Commerce monthly breakfast at Lost Valley, so can politicians in Washington, D.C. And if Washington, D.C. can get along, those politicians can address the national debt.
15 May 2013 - The Congressional Budget Office (CBO) updated its budget and economic projections Tuesday. The latest numbers show improvement in the near term, but the long-term debt trajectory remains on an unsustainable course.
14 May 2013 - Graduation time is upon us. While graduates should be concentrating on pursuing their interests, many are concerned about interest pursuing them, namely the interest on their student loans. Student loan interest rates will double in July and things could get worse down the road because of the inability of policymakers to address the long-term national debt.
Why it matters
"It's going to take strong will, effective leadership, and a renewed spirit of bipartisanship from our leaders in Washington to address one of the most pressing challenges of our time. The time for action is now if we're to…Ambassador Tony Garza
The pressure is on Congress to address our growing debt if we want to avoid the fiscal cliff. Congress has to address this now – there is no time to wait. It is time for our elected leaders to…Harry Prestanski
Our country stands as a beacon of liberty and hope for people around the world. I care because I’m afraid of a world where these values are diminished because of our government’s inability to function. Fiscal stability and responsible…Michael Taylor
"As a businessman and former elected official, I am worried about Congress’ ability to reach a national debt deal. If we continue to ignore this growing problem, our economy will suffer the consequences. We can expect slower growth, lower…Rick Bennett