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About the Foundation for Fiscal Reform

The Foundation for Fiscal Reform (FFFR) is a not-for-profit 501c-3 organization formed to educate the American public about prominent macroeconomic issues, business topics and trends. We have no political bias or ties. The goal of the Foundation is to educate our members so they are empowered to affect change about the economic direction of this country through sound new policies.

Currently over 99% of the American public obtain their economic news via the media who are journalists and are not trained as graduate economists. They focus on microeconomic topics or incomplete macroeconomic analyses. Their readers don't acquire a macroeconomic perspective and thus are mislead on the issues.

The FFFR was founded at the urging of many readers of the "Macroeconomic Outlook", a weekly publication written by Ron Nelson. The current readers of the publication come from all walks of life and political orientations.

The readers were shocked to learn how misinformed they were regarding the economy, and how they lacked education on the current macroeconomic issues. They realized that our political leadership is not addressing the macroeconomic issues, and no organization exists to educate them. The Foundation's goal is to educate our readers and members so they can participate in solutions to the fundamental macroeconomic problems.

The top Macroeconomic challenges today are:

  1. The Size of the Current Account Deficit, (trade & income deficits)
    The current deficit is around $60-70 Billion per month. The cumulative deficit since 1990 is over $6 Trillion. Foreigners own over 55% of our debt.

  2. The Social Security/Medicare Funding Crisis
    Over $4 trillion has been raided from the Social Security Trust Fund and spent by the general fund in exchange for IOU's. There are no excess monies in Social Security. Where will the money come from to pay future retirees?

  3. The Current Federal Budget Deficit and the Lack of Accurate Reporting of the real Deficit by our Federal Government
    The reported budget deficit since 1998 was $1.1 Trillion but the actual was $2.7 Trillion. The $1.6 Trillion difference is from Social Security. Did you know that $4 Trillion other government retirement obligations are unfunded?

 
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