A diverse coalition from South Carolina is calling on lawmakers to address the rapidly approaching fiscal cliff and the country’s long-term federal debt problems.
Watch Maya MacGuineas discuss the latest long-term budget numbers from the Congressional Budget Office and what they mean.
High national debt will directly impact each of us and our families. Our latest brief lays out the ways we will be affected.
The nonpartisan Congressional Budget Office (CBO) issued its annual look at the long-term budget and debt situation. See the highlights.
Congress has to make decisions soon that will affect the quality of the nation’s infrastructure as well as the national debt. Read more.
Updates From South-carolinasee more »
25 July 2014 - A recent video produced by students at the University of Virginia effectively explains our budget and debt situation as it relates to the millennial generation (those born between the early 1980s and early 2000s).
24 July 2014 - The Congressional Budget Office (CBO) projects that even under the best case scenario, the national debt would reach 75 percent of GDP by 2039, that’s roughly twice the historical average. The worst would be debt ballooning to 159 percent of GDP by 2039.
17 July 2014 - The Campaign to Fix the Debt was launched two years ago today on July 17, 2012. In that short period of time a lot has happened and some progress has been made in getting America’s finances under control. Yet, we were recently reminded that there is still a great deal of work to be done to put the country on a sound course.
16 July 2014 - The Committee for a Responsible Federal Budget released a paper Monday called, “The Budget Act at 40: Time for a Tune Up?” The CRFB paper focused on structural weaknesses of the Budget Act, dividing the problems into three areas: lack of transparency, accountability, and long-term focus. Similar concerns were echoed at a panel discussion hosted by the Bipartisan Policy Center on Tuesday, “The Budget Act at 40: Midlife Crisis?”
15 July 2014 - Just as we were getting good news about falling deficits, a new report demonstrates that looking further out tells a much different story.
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