Key Facts
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About
The Concord Coalition is a nonpartisan, grassroots political advocacy organization in the United States, established in 1992 to educate the public and advocate for fiscal responsibility in U.S. federal budgeting. Founded by former U.S. Senators Paul Tsongas (D-MA) and Warren Rudman (R-NH), along with former Secretary of Commerce Peter G. Peterson, the group focuses on the causes and consequences of federal budget deficits, unsustainable entitlement programs, and the growing national debt. As a 501(c)(3) nonprofit, it advocates for policies to end deficit spending, achieve a balanced budget, and build a sound economic foundation for future generations. The organization has been instrumental in raising awareness through initiatives like the Fiscal Wake-Up Tour, launched in 2006, which brings together experts from diverse institutions to discuss long-term fiscal challenges across the country. Over its more than three decades of operation, The Concord Coalition contributed to achieving a balanced federal budget by 1998 and continues to warn about deficits. The group engages in public education, policy analysis, and grassroots mobilization, hosting events, publishing reports, and producing a weekly podcast, 'Facing the Future,' hosted by senior advisor Robert L. Bixby. It maintains independence while collaborating with bipartisan figures and organizations to influence policymakers and citizens on issues like debt reduction and entitlement reform. Affiliated with Concord Action, a separate 501(c)(4) entity for more direct advocacy, The Concord Coalition remains committed to nonpartisan efforts amid ongoing debates over U.S. fiscal policy, emphasizing the national debt as a critical threat and continuing to build coalitions to foster informed public discourse on economic sustainability.