Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Politics

$36 trillion national debt inspires new ‘fiscal responsibility’ group led by Democrat

by March 4, 2025
March 4, 2025
$36 trillion national debt inspires new ‘fiscal responsibility’ group led by Democrat

The advocacy group Concord Coalition has tapped former Rep. Carolyn Bourdeaux, D-Ga., to lead its new ‘fiscal responsibility’ group aimed at lowering the country’s $36 trillion in national debt. 

Concord Action said they will lead a grassroots effort to achieve a ‘sustainable’ national budget. In an exclusive interview with Fox News Digital ahead of the launch, Bourdeaux, the group’s president and executive director, previewed Concord Action’s plan to pressure Congress to balance the budget. 

‘We are getting ready to launch Concord Action, which will complement the Concord Coalition and is intended to build on all the grassroots energy out there around the debt and deficit, to try to start moving the needle in Congress to bring fiscal responsibility and fiscal discipline to Washington,’ Bourdeaux said. 

Bordeaux, who represented Georgia’s 7th Congressional District for one term beginning in 2021, worked on bipartisan legislation to tackle the national budget crisis during her tenure.She was a member of the Blue Dog Task Force on Fiscal Responsibility and Government Reform, a national group that says it’s committed to reducing the federal deficit through bipartisan policy development.

Georgia had a Republican-led legislature while Bourdeaux led Georgia’s Senate Budget and Evaluation Office from 2007 to 2010. Bourdeaux played an advisory role to the Georgia State Senate in balancing the budget during the 2008 economic downturn.

‘I was director of Georgia’s Senate Budget and Evaluation Office during the Great Recession,’ Bourdeaux said. ‘I helped Georgia balance its budget during the worst fiscal crisis in modern memory. One message coming out of that is it can be done. I was working largely with the Republican leadership to balance the budget. But when we did that, those budgets passed by broad and bipartisan majorities. So this can be done through our regular democratic processes. I want to bring that sensibility to what we’re working on here in Concord.’

Bordeaux said to expect a digital campaign with a newsletter to get the public involved in Concord Action’s grassroots efforts. There will also be a town hall element to build energy on the ground. 

A 2024 Fox News Voter Analysis found the economy was the top issue for Americans, with 4 in 10 voters saying inflation was the most important factor in their vote. Voters had a negative view of the economy, with almost two-thirds rating the economy as not good, 40%, or downright poor, 24%. 

As the country approaches another government shutdown deadline and Congress begins budget negotiations for fiscal 2026, Bordeaux said it’s a necessary time to launch Concord Action. 

‘I think the issue of the debt and deficit is particularly salient to everyone,’ Bordeaux said. ‘We’ve obviously just been through inflation. We’ve seen interest rates rise. So it really is top of mind for lots of Americans right now.’

Concord Action said they will pressure Congress to stop adding to the federal debt and create a ‘sustainable budget’ through ‘fiscal responsibility.’

‘We just experienced some pretty serious inflation, and it was driven in part by the deficit in the growing debt,’ Bordeaux said. 

‘We are $36 trillion in debt right now just based on our current trajectory. The Congressional Budget Office thinks we will add another $25 trillion to that,’ she said. ‘We are spending more on just the interest on debt than we spend on national defense, more than we even spend on Medicare. It’s really starting to put a lot of pressure on a lot of big priorities that we have for this country. It is extremely important that we address this now.’

This post appeared first on FOX NEWS
previous post
Political strategists lay out how Trump should kick off his 4-year term
next post
New polls reveal which White House term showed stronger polling numbers for Trump

Related Posts

Centrist group No Labels scraps bid to launch...

April 5, 2024

Harris becomes betting market favorite for first time...

August 8, 2024

Trump makes appearances at several Inaugural Balls around...

January 21, 2025

‘Let us be the parents’: Supreme Court should...

April 22, 2025

Defense Secretary Lloyd Austin to undergo nonsurgical procedure,...

May 25, 2024

Biden administration to announce $725M weapons package to...

December 2, 2024

Trump says Turkey ‘did an unfriendly takeover’ in...

December 16, 2024

Who’s who on Trump’s short list for attorney...

November 12, 2024

Trump, Vance official portraits released ahead of inauguration

January 16, 2025

Supreme Court weighs religious liberty dispute over public...

April 30, 2025

Centrist group No Labels scraps bid to launch...

April 5, 2024

Harris becomes betting market favorite for first time...

August 8, 2024

Trump makes appearances at several Inaugural Balls around...

January 21, 2025

‘Let us be the parents’: Supreme Court should...

April 22, 2025

Defense Secretary Lloyd Austin to undergo nonsurgical procedure,...

May 25, 2024

Biden administration to announce $725M weapons package to...

December 2, 2024

Trump says Turkey ‘did an unfriendly takeover’ in...

December 16, 2024

Who’s who on Trump’s short list for attorney...

November 12, 2024

Trump, Vance official portraits released ahead of inauguration

January 16, 2025

Supreme Court weighs religious liberty dispute over public...

April 30, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Biden speaks out for first time since cancer diagnosis

      May 19, 2025
    • Russia bombards Ukraine with drones hours after Trump announces talks with Putin

      May 19, 2025
    • Obama reacts to Biden diagnosis: ‘Nobody has done more to find breakthrough treatments for cancer…than Joe’

      May 19, 2025
    • Trump reshapes US foreign policy with wildly successful, business-first Middle East trip

      May 19, 2025
    • Trump’s ‘big, beautiful bill’ passes key House hurdle after GOP rebel mutiny

      May 19, 2025
    • Iran foreign minister vows nuclear enrichment will continue ‘with or without a deal’

      May 19, 2025

    Categories

    • Business (1,217)
    • Politics (5,607)
    • Stocks (904)
    • World News (455)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved