Myths about the national debt hang around like the humid air in Washington this time of year, stifling progress on addressing our fiscal challenges. In order to usher in some fresh air, we debunk many of these myths and present the facts in our latest publication.
On this day 79 years ago, President Franklin D. Roosevelt signed into law the Social Security Act, which created the venerable program that so many Americans rely on today. As we celebrate this important milestone, we should also be thinking of how to strengthen it so it has many more birthdays. An updated interactive tool allows us to see what it will take.
Congress is in the middle of its annual August Recess and most lawmakers are home until September 8. But legislators left a lot of unfinished business, such as neglecting to approve funding for the federal government when the current fiscal year closes at the end of September and not enacting an economic and fiscal strategy that paves the way for long-term growth.
There has been some good news lately regarding the economy and job growth, but there is still a great deal of uncertainty over the pace of the economic recovery. At the same time, the latest numbers show that addressing the national debt must be a part of any strategy to promote sustainable growth.
Lawmakers have left Washington for the month. Though they failed to address many lingering problems, they still managed to add to the debt. This underscores the need for constituents to let their representatives know that they expect sensible action and fiscal responsibility while the legislators are home for the recess. Fortunately, we have the resources to help concerned Americans reach out to their representatives.