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.
Deficits have come down from record levels, but the national debt still rose. And deficits will soon start to rise again, accelerating growth of the debt. Check out the latest numbers.
The nonpartisan Congressional Budget Office (CBO) issued its annual report showing that the long-term debt is on an unsustainable course. See highlights.
First Budget is getting the attention of Jeb Bush and other presidential candidates. Read more.
Our latest infographic illustrates the debt hole Washington is putting us in.
Updates From South-carolinasee more »
01 July 2015 - Congress and the White House continue to largely ignore the country’s fiscal problems amid the latest warning from the Congressional Budget Office regarding our unsustainable debt path and how it will endanger the economy. Yet, there is plenty of support for action among those who understand what’s at stake, and there are lots of ideas to work with.
26 June 2015 - After a First Budget volunteer asked former Florida Governor Jeb Bush in Iowa about how he would address the national debt in his first budget if elected president, he began his answer by stating: “I see you all over and welcome you.”
18 June 2015 - The nonpartisan Congressional Budget Office (CBO) Tuesday came out with its annual Long-Term Budget Outlook. In a familiar refrain, CBO once again warns that the national debt is on an unsustainable course that threatens long-term economic growth.
17 June 2015 - All of us at Fix the Debt are saddened by the passing of James Lee, who died today at the age of 62.
15 June 2015 - The 2016 presidential campaign continues to ramp up, with Hillary Clinton holding a high-profile rally over the weekend and Jeb Bush formally announcing his campaign today. Meanwhile, activists are also ramping up their efforts to get the attention of the candidates and spark a constructive discussion about the federal budget through our First Budget initiative.
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