Fix the Debt officially launched its state chapter in Wisconsin in October to bring concerned individuals together and call lawmakers to address the ballooning national debt.
See how rising national debt affects you. You may be surprised.
If you have kids, if you‘re planning your retirement, if you own a small business, the recent report from the non-partisan Congressional Budget Office should scare you. Here are 5 ways Congress should respond.
As the presidential campaign moves to New Hampshire, a new report from our First Budget initiative finds that although most presidential candidates have acknowledged the debt problem, most proposals fall short in addressing it. See more.
The non-partisan Congressional Budget Office released its latest budget and economic forecast for the next decade. The numbers aren’t pretty. The budget deficit is predicted to start growing again this year. And the already grim debt projections are now even worse than before. Read more.
Updates From Wisconsinsee more »
17 June 2013 - "The ability of the U.S. to be competitive in the global market and support high and rising living standards for their U.S. employees will be severely eroded. Furthermore if we don’t change course, we will reach a point — estimated by the nonpartisan Committee for a Responsible Federal Budget to be in 2031 — where the cost of mandatory spending on entitlement programs such as Medicare and Social Security and interest on the national debt will consume all available federal revenue. Under this scenario, there will be no money for critical investments in the future such as education and R&D and no money for other day-to-day functions of government that we take for granted — such as national security. That would be a disaster..."
11 February 2016 - President Obama unveiled his fiscal year 2017 budget proposal on Tuesday. As his final budget, it is one of the last, best opportunities to leave a strong fiscal legacy. In January, we identified the Top 7 Ways President Obama Can Strengthen His Fiscal Legacy. Let’s look at how this budget meets these goals.
05 February 2016 - The latest official forecast predicts federal deficits and debt will increase this year and continue growing. National debt held by the public is expected to reach $14 trillion this year, which is equal to about $112,000 per American household, and will continuing growing. As our latest infographic illustrates, high and rising debt will affect us all.
27 January 2016 - The official budget and economic forecast from the non-partisan Congressional Budget Office shows that the era of declining deficits is over. And the already unsustainable national debt path is now even worse.
25 January 2016 - The non-partisan Congressional Budget Office (CBO) released its latest budget and economic forecast for the next decade, and it isn't pretty. The budget deficit is predicted to start growing again this year after a few years of decline. And the already grim debt projections are now even worse than before.
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