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Concord Coalition asks Presidential Debate Commission to devote significant time to US fiscal challenges

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Concord Coalition asks Presidential Debate Commission to devote significant time to US fiscal challenges

With budget deficits projected to begin rising again, the organization wants answers from candidates.

The Concord Coalition, a non-partisan organization devoted to fiscal responsibility, is urging the Commission on Presidential Debates to devote a significant portion of debate time next year to the candidates' plans for dealing with the nation's growing fiscal difficulties.

While the nation faces many challenges, Concord leaders said, "the nation's unsustainable budget policy hangs over all of them, because it affects the resources that can be devoted to competing priorities and the size of the future economy that will be called upon to produce those resources."

"The nation's unsustainable budget policy hangs over all of them."

Concord made the debate suggestion in a letter Monday to Frank J. Fahrenkopf, Jr. and Michael D. McCurry, co-chairmen of the commission. It was signed by Concord's co-chairs, Mike Castle and John Tanner, and the organization's executive director, Robert L. Bixby.

"Concerns about the rising debt and the economy are in fact intertwined, which underscores the importance of hearing how the presidential candidates propose to deal with the nation's finances," the letter says. "There is a direct link between the candidates' fiscal policy proposals and their economic visions for the nation."

Federal deficits are projected by the Congressional Budget Office to rise again just as the next president takes office, and to continue rising under current law to over $1 trillion a year in 2025. This would push the federal debt steadily upward through the next two presidential terms and beyond.

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