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.
With all the debate going on about taxes and spending, it's a good time to get educated on the federal budget and national debt. Take our crash course and test your knowledge with our quizzes.
The national debt forecast is troubling, especially when put in human terms. Follow Hope as she grows up with debt.
The Debt Fixer tool from our partners at the Committee for a Responsible Federal Budget allows you to show policymakers how to fix the debt. Check it out.
The federal budget is well behind schedule. Learn all you need to know about what is at stake.
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..."
22 December 2017 - Legislation passed in December and other developments have set the stage for higher deficits and national debt. Trillion-dollar deficits could now return as early as next fiscal year and the debt could exceed the size of the economy within a decade. We have a rundown on what could run up the debt and other happenings related to the federal budget.
19 December 2017 - It is clear that the final tax bill in Congress falls well short of being fiscally responsible or reforming the tax code, as supporters initially promised.
18 December 2017 - Congress is on the cusp of passing tax legislation. But prominent voices continue to call for a better approach.
14 December 2017 - Negotiators from the House of Representatives and Senate are about finished ironing out the differences in the tax bills they recently passed and plan to vote on final tax legislation the week of December 18. The conference committee reconciling the two bills was another missed opportunity to improve the legislation so that it really transforms the tax code without adding to the national debt. Instead, it looks like more gimmicks will be added that will increase the true cost of the legislation.
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