Facing the Future

This week on Facing the Future we talked with Dennis Lockhart, former President and CEO of the Federal Reserve Bank of Atlanta. He gave us his take on the state of the economy and what might happen in a debt-induced fiscal crisis. Concord Coalition Executive Director Carolyn Bourdeaux joined the conversation.

This week on Facing the Future, former Social Security Public Trustee Charles Blahous discussed the program's deepening financing challenges on its 90th anniversary and explained why postponing action just makes things worse.

This week on Facing the Future, Mark Zandi, chief economist of Moody's Analytics, explained why he believes the U. S. economy is edging closer to a recession, led by the negative impacts of higher tariffs and restrictive immigration policies. He also weighed-in on the dangers of runaway debt.

This week on Facing the Future, we looked at the financial challenges facing Social Security and Medicare with Jessica Riedl of the Manhattan Institute. She explained why these programs add to budget deficits despite the misperception that they are self-financing.  

This week on Facing the Future, Molly Reynolds of the Brookings Institution talks about the possibility of a government shutdown in the fall and whether the spending power is shifting away from Congress toward the executive branch.

This week on Facing the Future, former Indiana Governor Mitch Daniels joined us to discuss the need to develop contingency plans for a fiscal crisis in the U.S. that he sees as increasingly probable.

This week on Facing the Future, Jim Capretta of the American Enterprise Institute digs into the 2025 Medicare Trustees Report. Then he explains why the federal budget rules are deepening societal differences.

This week on Facing the Future, we heard from two tax experts with different ideological perspectives who have been following the One Big Beautiful Bill Act (OBBBA). David S. Mitchell is a senior fellow for tax and regulatory policy at the Washington Center for Equitable Growth and Kyle Pomerleau is a senior fellow at the American Enterprise Institute (AEI).

This week on Facing the Future, tax expert Andrew Lautz, Associate Director for Economic Policy at the Bipartisan Policy Center, discusses tensions between House and Senate Republicans as they rush to pass a major deficit-financed tax cut bill before July 4th.

This week on Facing the Future, Prof. Philip Joyce of the University of Maryland School of Public Policy, explains the high stakes in Washington's battle over the power of the purse and why protecting the Congressional Budget Office matters. 

This week on Facing the Future we talked with Bill Hoagland, Senior Vice President of the Bipartisan Policy Center, about the growing debt fears that cloud the prospects of Republicans' budget bill in the Senate.

This week on Facing the Future, we talked with Richard Swett, former U.S. Congressman from New Hampshire and Ambassador to Denmark. He discussed President Trump's desire to acquire Greenland from Denmark and why it's vital to restore trust in government.

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 extend...

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 tr...

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 e...

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...

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...