Facing the Future

This week on Facing the Future we focused on the One Big Beautiful Bill that has now passed the House and is headed to the Senate. Our guest was Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office (CBO). We also discussed interest rates, tariffs and budget scoring.

This week on Facing the Future we'll discuss developments on Capitol Hill as Republicans try to pass what is now officially called, the “One Big Beautiful Bill.” Our guest is Ben Ritz, Vice President of Policy Development at the Progressive Policy Institute and Director of PPI's Center for Funding America's Future. Concord Coalition Executive Director Carolyn Bourdeaux joins the conversation.

This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, guides us through the tax cut bill rolled out by House Ways and Means Committee Republicans. We'll discuss how big it is, whether it's good tax policy and will it be paid for?

This week on Facing the Future, we'll talk with students who participated in the annual collegiate fiscal challenge, a competition that seeks to stabilize the debt and economy. Then, Carolyn Bourdeaux and I assess President Trump's "skinny budget" and check in on reconciliation in Congress.

This week on Facing the Future we'll assess the risks and costs of rising federal debt with Ben Harris, vice president and director of Economic Studies at the Brookings Institution. We'll also get his take on congressional negotiations over a major spending and tax bill and whether the economy is headed for a recession.

This week on Facing the Future the guest is Alex Durante, senior economist at the Tax Foundation. We'll discuss the economic effects of President Trump's tariffs and whether Republicans in Congress can find a way to extend about $4 trillion worth of expiring tax cuts without adding it all to the debt.

This week on Facing the Future, Jessica Riedl, a Senior Fellow at the Manhattan Institute, joined me to discuss her list of the top 10 federal budget gimmicks and the potential for tariffs to raise revenues, harm the economy or both.   As we went through Riedl's list of budget gimmicks, it was clear that many of them are in play this year. She mentioned, for example, “fake expiration dates” and using a “current policy” baseline. A key feature of the recently passed congressional budget resolution is the use of a current policy baseline to assume that extending the expiration date of the 2017 tax cuts will have no budgetary effect.

This week on Facing the Future our guest was Rep. David Schweikert (R-AZ), a member of the House Ways and Means Committee and chairman of the bicameral Joint Economic Committee. He gave us his perspective on what it will take to get the U.S. fiscal house in order, why the budget and the economy are intricately intertwined, and why it is so important to act before a crisis hits.    We also got his candid take on this year's Congressional budget process, which he said "shows the level of perversity there is on telling the truth about the math.” Concord Coalition Executive Director Carolyn Bourdeaux joined the conversation. 

This week on Facing the Future, we are joined early in the week by David Schweikert, United States Representative from AZ-01. Concord Coalition Executive Director Carolyn Bourdeax joins the show to discuss the latest on the budget, deficit, and more with Representative Schweikert.

This week on Facing the Future, we'll talk with Phillip Swagel, Director of the nonpartisan Congressional Budget office (CBO). He'll discuss the CBO's 2025 Long-Term Budget Outlook, which makes 30-year projections under current law. There is a lot of debt involved.

This week on Facing the Future, we'll talk with James Capretta, a senior fellow at the American Enterprise Institute (AEI), and author of a recent paper called “Budgeting for Fiscal Sanity.” We'll ask him how Congress should do that and we'll also discuss some of the controversies over the Department of Government Efficiency (DOGE).

This week on Facing the Future, we'll talk with Ernie Tedeschi, Director of Economics at the Budget Lab at Yale. He is the author of a new study showing the inflationary risk of rising federal budget deficits and debt.

This week on Facing the Future, former CBO Director Douglas Elmendorf of Harvard's Kennedy School discusses the need for making hard choices on the budget and a big gimmick Congress is considering to avoid doing that.

This week on Facing the Future we talked with former Congresswoman Carolyn Bourdeaux who has been named the new Executive Director of The Concord Coalition. In addition, Bourdeaux will head up Concord Action, a new advocacy organization created to marshal grassroots support for fiscal responsibility.   We began by discussing President Trump's speech on Tuesday night to a joint session of Congress. Bourdeaux commented that Trump “did make a nice hat tip to a balanced budget, which I appreciated. He said he would balance the budget and he would address the debt. However, the revenues and expenditures that he talked about just don't add up.”

This week on Facing the Future, we'll discuss President Trump's executive order laying the groundwork for a U.S. sovereign wealth fund. How would it be funded and what would it invest in? Our guest is Mark Warshawsky, senior fellow at the American Enterprise Institute.

This week on Facing the Future, Concord Coalition Chief Economist Steve Robinson will explain why the House and Senate budget committee resolutions might not result in their promised deficit reduction numbers. We'll also look at claims of massive Social Security fraud. Then, National Field Director Phil Smith gets some insights from volunteer leaders.

This week on Facing the Future, we talked about the nation's budget challenges with Barry Anderson, former Deputy Director for Budget Review at the White House Office of Management and Budget. He also served as Deputy Director and then Acting Director of the Congressional Budget Office (CBO). Beyond his work on the U.S. budget, Anderson headed the Budgeting and Public Expenditures Division in the Organization for Economic Cooperation and Development (OECD). Anderson sees some similarities between the early days of the Clinton Administration in the 1990's and the current situation.

This week on Facing the Future, we'll look at the debate in Washington over who has the Constitutional "power of the purse." We'll talk with Rachel Snyderman, Managing Director of Economic Policy at the Bipartisan Policy Center and co-author of a new Q&A called "Budget Impoundment 101."

This week on Facing the Future, the guest is Romina Boccia, director of budget and entitlement policy at the Cato Institute. She recently testified before the House Budget Committee about the daunting long-term U.S. budget outlook. We'll discuss that testimony and what she thinks is necessary to rein-in the growing debt.

This week on Facing the Future, we'll look at the new 10-year budget projections from the Congressional Budget Office and why some of President Trump's early executive orders might portend litigation over the Constitutional power of the purse.

This week on Facing the Future, we heard from Eugene Steuerle of the Urban Institute on why Zombies are in control of the federal budget and what must be done to break their grip on the future. Concord Coalition Chief Economist Steve Robinson joined the conversation. In a new book, “Beyond Zombie Rule: Reclaiming Fiscal Sanity In A Broken Congress,” Steuerle updates an earlier book with a similarly chilling title, Dead Men Ruling. The main theme of both books is that too much of the federal budget has been predetermined by spending and tax decisions made long ago, leaving today's policymakers and future generations with limited flexibility to make their own decisions.

This week on Facing the Future, we discuss the budgetary priorities and procedural hurdles facing the new Republican majority in Congress as they try to quickly enact an ambitious agenda. Our guest is Rohit Kumar, Co-Leader of the National Tax Office at PricewaterhouseCoopers and a former senior advisor to Senate Republican leaders.

This week on Facing the Future, we looked back at the fiscal developments of 2024 and looked ahead to 2025. Joining me for the discussion were Concord Coalition Chief Economist Steve Robinson, National Field Director Phil Smith and Digital Media Intern Kyle Duffy. Our special guest star was Chase Hagaman, the original host of Facing the Future who now serves as Economic Development Director at the New Hampshire Department of Business and Economic Affairs. 

This week on Facing the Future, the Concord Coalition staff looks back on fiscal year 2024 and what to expect in 2025. Our special guest is Chase Hagaman, director of economic development at the New Hampshire Department of Business and Economic Affairs (BEA) and the original host of Facing the Future.

This week on Facing the Future, Concord Coalition chief economist Steve Robinson explains why the "Social Security Fairness Act" would result in an unearned windfall for a small number of workers. We'll also discuss a new debt limit warning by the Government Accountability Office.

This week on Facing the Future we began by discussing an Illustrative package of 13 federal tax and spending reform options prepared by the Penn-Wharton Budget Model (PWBM). Our guest for this segment was Dr. Kent Smetters, faculty director of the PWBM. Then, Molly Reynolds, senior fellow in Governance Studies at the Brookings Institution, walked us through some big decisions on the budget that the new administration and new Congress will need to make after they take office in January. Concord Coalition chief economist Steve Robinson joined the conversation.

This week on Facing the Future we'll talk with Christopher Pope, Senior Fellow at the Manhattan Institute about his ideas for slowing the growth of Medicare and Medicaid, which account for about 22 percent of the Federal budget.

This week on Facing the Future we looked at how the new Republican majorities in the House and Senate are expected to handle major issues such as tax cuts, tariffs, government waste, and the debt limit. Our guests were Brian Riedl of the Manhattan Institute and Ben Ritz of the Progressive Policy Institute. There has been a lot of discussion in Washington about the major fiscal cliff coming up at the end of 2025 when a portion of the 2017 Trump tax cuts expire. Before the elections, most of the talk had been about the trade-offs that might be needed to get an agreement between the parties.  But now, with the Republicans taking control of the House, Senate, and White House, it's possible that Republicans can get what they want without compromising with Democrats by passing a budget resolution with reconciliation instructions, which is a budget process maneuver that would allow them to overcome a filibuster by Democrats in the Senate. 

This week on Facing the Future, we'll talk about the fiscal and economic implications of the election results and how receptive Congress will be to President-elect Trump's agenda. Our guests are Bill Hoagland senior vice president of the Bipartisan Policy Center and Tom Kahn professor of budget policy at American University.

This week on Facing the Future, Rachel Snyderman, Managing Director of Economic Policy at the Bipartisan Policy discusses why the growing debt poses risks in areas such as housing, healthcare and the workforce. Also, Erica Patella, Program Coordinator for the Fiscal Challenge joins us to discuss this year's competition.

This week on Facing the Future, we'll get a briefing from Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, on the potential fiscal impact of the Harris and Trump campaign proposals. Concord Coalition Chief Economist Steve Robinson joins the conversation.

This week on Facing the Future we discussed the interaction of fiscal and monetary policy with Dr. Thomas Hoenig, former President of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Open Market Committee (FOMC) from 1991 to 2011. We got his take on the Fed's efforts to engineer a soft landing and the implications of high debt for the nation's long-term budget and economic outlook. Concord Coalition chief economist Steve Robinson joined the conversation.

This week on Facing the Future we begin with Social Security's annual cost of living increase, announced by the Social Security Administration (SSA) on October 10. Then we looked at seven key findings from the 1994 bipartisan Kerrey-Danforth commission that are sadly still valid and still in need of solutions. Concord Coalition chief economist Steve Robinson, a former senior advisor at the SSA, joined me for the discussion.

This week on Facing the Future former U.S Representative Carolyn Bourdeaux (D-GA) discussed key differences between state and federal budgeting and whether there are lessons for federal policymakers. We also got some timely insights from University of Maryland professor of public policy Phil Joyce on whether the 50-year old federal budget process is up to dealing with the nation's fiscal challenges. Later in the show, Concord Coalition Chief Economist Steve Robinson joined me to assess the Fiscal Year 2024 year-end numbers as reported by the Congressional Budget Office (CBO) and a new CBO report on trends in the distribution of family wealth.

This week on Facing the Future Rachel Snyderman of the Bipartisan Policy Center and Concord Coalition National Field Director Phil Smith describe the unprecedented size of our projected deficits and debt which add to the challenges that await the new president and Congress in 2025.

This week on Facing the Future we'll focus on the Federal Reserve Board's decision to lower interest rates for the first time since March 2020. To discuss the implications, we'll talk with Robert Carroll, Co-leader of the EY's Quantitative Economics and Statistics (QUEST) group.          

This week on Facing the Future, we'll talk with Ben Ritz, Vice President of Policy Development at the Progressive Policy Institute, about a comprehensive plan his organization released in July to greatly improve the nation's fiscal outlook by cutting costs, raising revenues and growing the economy.

This week on Facing the Future we focused on the economy and previewed the 2025 tax debate when key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) are scheduled to expire at the end of the year. We also discussed some new tax proposals that have been floated on the campaign trail.    Our guest was Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office (CBO). Concord Coalition chief economist Steve Robinson joined the conversation.

This week on Facing the Future, Dr. Kent Smetters of the Penn Wharton Budget Model at the University of Pennsylvania will give us his nonpartisan analysis of the budgetary, economic and distributional effects of the Harris and Trump campaign policy proposals. Also, Steve Robinson discusses new long-term projections for Social Security.

This week on Facing the Future, Josh Gordon, Director of Health Policy at the Committee for a Responsible Federal Budget (CRFB), joined the show to discuss healthcare spending, prescription drug prices, and more. At CRFB, Gordon heads the Health Savers Initiative.Concord Coalition Chief Economist Steve Robinson joined the healthcare conversation, and later discussed his new issue brief entitled Means Testing Federal Benefits and Tax Expenditures.

This week on Facing the Future, Bob is joined by Bill Gale, Senior Fellow at The Brookings Institution. A well respected expert in the subject of debt and taxes, Gale recently wrote a piece for Brookings called Back to the Future: Can the Government Reduce Its Debt Again? which discussed the future of federal debt management in the United States. Later in the show, David Lerman, writer of CQ Rollcall's budget newsletter previewed the important appropriations and spending decisions that await Congress when it returns from summer recess in September. Concord Coalition Chief Economist Steve Robinson joined both conversations.

This week on Facing the Future we celebrated Social Security's birthday. Wednesday, August 14th marked 89 years since President Franklin Delano Roosevelt signed the Social Security Act into law. Bob and Concord Coalition Chief Economist Steve Robinson assessed Social Security's accomplishments, future challenges, and some myths about reform. Later in the show, former U.S. Senator from Indiana Dan Coats shared his experience with the debt and deficit through the lens of a long and distinguished career of public service in the federal government.

This week on Facing the Future, Bob Bixby switched from the host chair to the guest seat to talk about  his 25-year career as Executive Director of The Concord Coalition. National Field Director Phil Smith asked Bob questions about the importance of the federal budget, the fiscal outlook, and The Concord Coalition over the years. Later in the show, Phil interviewed two of our Fiscal Lookout volunteers, Kevin Wiley of Indiana and Erik Carter of New York, about the work of political depolarization and engaging their communities in fiscal issues.

This week on Facing the Future we'll talk with Jeff Holland of the Peterson Foundation about a series of papers released last week called Solutions Initiative 2024. It features seven plans from prominent think tanks, including one from our second guest, Andrew Lautz of the Bipartisan Policy Center.

This week on Facing the Future, we'll take a preliminary look at the tax policy proposals of former President Donald Trump and Vice President Kamala Harris. In addition, we'll consider the tax policy implications of a case recently decided by the U.S. Supreme Court. Our guest is Steven Rosenthal, senior fellow at the Urban-Brookings Tax Policy Center.

This week on Facing the Future we'll look at whether the Fed has seen enough progress on inflation to begin cutting interest rates? Our guest is Gordon Gray, executive director of the Pinpoint Policy Institute. Then, we'll say farewell to frequent co-host Tori Gorman as she takes up a new job with the Congressional Research Service.

This week on Facing the Future we'll get perspectives from high school students who negotiated their own budget plans at a recent New Hampshire Boys State conference. Then we'll review what Presidents Biden and Trump said about the debt and Social Security at the debate.

This week on Facing the Future, Bob was joined by Concord Coalition Co-Chairs and former U.S. Senators Bob Kerrey (D-NE) and Jack Danforth (R-MO). Thirty years ago they co-chaired a bipartisan commission on entitlement and tax reform that warned of unsustainable budget trends. Reflecting back upon the past three decades, the bright spots are overshadowed by the same looming problems the Kerrey-Danforth Commission warned of in 1994. The Co-Chairs outlined where we stand and where we go from here. Concord Coalition Policy Director Tori Gorman joined the conversation.

This week on Facing the Future, Bob Bixby was joined by Concord Coalition Policy Director Tori Gorman and Chief Economist Steve Robinson to discuss the latest 10-year Budget and Economic Outlook from the Congressional Budget Office (CBO). The CBO report projects that the federal budget deficit will grow from $2 trillion this year to $2.8 trillion by 2034 (adjusted to exclude timing shifts that occur when the first day of the fiscal year falls on a weekend). Bob, Tori, and Steve broke down the key projections from the report and what each could mean for interest rates, jobs, and economic growth going forward.

This week on Facing the Future, Bob Bixby was joined on the show by Dr. Michael T. Osterholm, Director of the Center for Infectious Disease Research and Policy at the University of Minnesota. He also served as one of thirteen COVID-19 advisors on President-elect Biden's pandemic advisory board in 2020. Osterholm provided insights into where we currently stand with COVID-19 and what lessons we can learn to better prepare for the next pandemic. Concord Coalition Chief Economist Steve Robinson and National Field Director Phil Smith joined the conversation.

This week on Facing the Future we'll examine developments on the national security front with Michael O'Hanlon of the Brookings Institution. Topics include the ongoing conflicts in Ukraine and Gaza as well as competition with China.