Exploding Deficits, Declining Growth: The Federal Budget & the Aging of America

On March 5, 2003, CED released Exploding Deficits, Declining Growth: The Federal Budget and the Aging of America. The report urges the Administration and Congress to "wage war on many fronts" against our nation's deteriorating fiscal situation and set aside any effort to stimulate the economy through tax reductions at this time.

CED also joined The Concord Coalition in issuing a joint statement on federal deficits and the long-term danger they pose to the country at a press conference at the National Press Club in Washington, D.C. Peter G. Peterson, President of the Concord Coalition, former U.S. Secretary of Commerce, and CED Trustee joined Josh S. Weston, former CEO of Automatic Data Processing, Inc., and CED Trustee in calling for responsible budget planning that balances current and future priorities. Both groups believe that current tax cut proposals should be viewed in that context.