Stabilize the Debt Simulator

[psongster]

How would you stabilize the federal debt? There’s a group called the Committee for a Responsible Federal Budget that has created an on-line simulator that enables you to answer that question. I did it yesterday, and learned some things along the way - and I thought I already knew a fair amount. If you’re concerned about the federal debt, you

Comments

[ruthling]

that's interesting! Do you know anything about the Committee for Responsible Federal Budget?

[psongster]

I don't know a huge amount about the CRFB, but they are a not-for-profit organization, founded by former government officials and legislators, and devoted to educating Americans about fiscal issues and advocating for fiscally responsible budgets and budget processes. They are now funded primarily by Pew and the Peterson Foundation, which gives them credibility in my eyes. David Walker is a member of the core committee -- he's the former GAO head who resigned in order to work full-time on reducing the federal deficit and debt. He's now president of the Peterson Foundation, and has connections with the Concord Coalition, and was one of the key people in IOUSA, a very informative and well-done video. The CRFB has a blog that I have added as an RSS feed to my email, and find well worth reading.

Does this provide the sort of context you were hoping for?

[ruthling]

yes, thank you. Names like "responsible" this and that are often used for quite non-responsible purposes.

[psongster]

Oh yes ... I too consider "responsible" in an organization's name a possible warning sign. But I do want a responsible government, really. Sad how words can get twisted ...