Weekly Newsletter: Catching up with old friends is always nice, but sometimes the conversation turns serious. This week, we’re talking about the debt crisis and why it’s an issue no one can afford to ignore.

<<<LEARN ABOUT OUR DEBT CRISIS IN THE LATEST NO LABELS TALKS HERE>>> ([link removed] )

Hi John,

It’s always good to catch up with old friends. On this week’s episode of No Labels Talks, I had the chance to speak with Bill Galston, who helped launch No Labels almost 15 years ago. Bill is one of the most brilliant people I know. He’s a former advisor to President Bill Clinton, a Brookings scholar, and Wall Street Journal columnist who I worked closely with on countless No Labels policy projects over the years.

Click here to take a trip down memory lane to see a picture of Bill at No Labels’ 2010 launch event. ([link removed] )

Bill has a unique talent for seeing and simplifying problems, which is precisely what he did in a recent column highlighting the growing danger of a national debt crisis in the U.S. I invited him to No Labels Talks to discuss it, where he said:

“At some point, we're cruising for a bruising because economic sentiment can change on a dime. If there comes a time when the rest of the world, which holds a great deal of our debt, decides that we’re no longer the most reliable debtor in the world and maybe we won’t be able to repay it as promised, they’ll turn their backs on us in a hurry.”

That’s classic Bill. You don’t see the phrase “cruising for a bruising” much in academic literature. But Bill is exactly right about where we are headed, absent some courageous leadership in DC.

It’s all the more important that we have these serious discussions about our debt and deficit, because it’s becoming increasingly clear that neither the Trump nor Harris campaigns want to do so. Neither party platform makes anything more than a passing mention of the need to stabilize our nation’s financial situation, yet failing to act could have catastrophic consequences before we realize it.

Just like you’d expect a responsible homeowner to fix a leaky roof before the whole thing collapses, we should expect our leaders to have a plan to proactively get us back on the right track to fiscal health. That’s why the last two episodes of No Labels Talks – this one featuring Bill ([link removed] ) and the last one featuring Steve Ballmer ([link removed] ) – have focused on the national debt. Unfortunately, America’s national debt wasn’t even discussed at the last presidential debate, which is why it’s so important that it is addressed in next week’s vice-presidential debate between Republican JD Vance and Democrat Tim Walz.

After our call, I couldn’t help but reflect on how much things have changed since we first began No Labels in 2010 including America’s national debt, which was $13.5 trillion then and is $35 trillion today.

Ignoring it won't make it disappear. If America wants to avoid a collapse, we need leaders who recognize the cracks and are ready to fix them before it's too late. Let’s hope next week’s debate sheds light on the solutions we desperately need.

Ryan Clancy

No Labels

Restoring the Balance: Why Congress Must Reclaim its Role in Governing America ([link removed] )

By Peyton Lofton

As Election Day draws closer, political analysts are trying to read the tea leaves and predict how House and Senate races across the country shake out. But in recent years, more of the government’s business is being driven by the White House instead of Capitol Hill.

READ THE FULL ARTICLE ▸
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Do Vice Presidential Debates Matter? ([link removed] )

By Sam Zickar

Next week’s Vance-Walz debate is an important chance to hear how both campaigns plan to tackle our biggest challenges. But history shows VP debates often fail to leave a lasting impact.

READ THE FULL ARTICLE ▸
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Voters need a second presidential debate that looks very different than the first ([link removed] )

By Ryan Clancy

If this is indeed the most important election of our lives — as both campaigns and almost every commentator say it is — voters still need to hear more. Eighteen percent of voters still have not decided whether to vote for Trump or Harris.

FULL STORY ▸
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Ryan Clancy on The Race ([link removed] )

Scripps News

Both candidates are going to try really hard to make it seem like the other one is way outside the mainstream. And look that that's an effective strategy because here's one thing we know about voters in the middle and, you know, just to remind everybody, there are still 18% of voters that are undecided in this election.

WATCH NOW ▸
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How The House Of Representatives Got So Unrepresentative ([link removed] )

By Andrew Tisch

The current primary rules – which vary by state and are controlled by our incumbent political parties – often exclude independents from voting, actively encourage low turnout, and enable the election of extreme candidates with narrow agendas.

CHECK IT OUT ▸
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Interview Series with Nancy Jacobson Part 1: Intro to Nancy & No Labels ([link removed] )

Lincoln International

Lincoln CEO Rob Brown and Nancy Jacobson, Founder and CEO of No Labels, explore how No Labels advocates for the middle.

VIEW THE SERIES ▸
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New film chronicles Joe Lieberman’s leap of faith to the political center ([link removed] )

By Gabby Deutch

“Centered: Joe Lieberman” will be premiering at the D.C. JCC in November to remind audiences of a less partisan time

CONTINUE READING ▸
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No Labels Talks Episode 23: “America’s Credit Cards are Maxed. What Now?” with Bill Galston ([link removed] )

In the latest edition of No Labels Talks, host Ryan Clancy is joined by Bill Galston, the Ezra K. Zilkha Chair in Governance Studies and senior fellow at the Brookings Institution, to discuss the looming national debt crisis. Galston, a founding figure of No Labels, breaks down the causes of America’s growing debt, from tax cuts to rising entitlement spending, and warns of the long-term economic risks if action isn’t taken soon. The episode explores why both parties are to blame for this slow-moving crisis, as well as potential solutions to stabilize the debt, including revenue increases and gradual reforms to Social Security and Medicare.

LISTEN NOW ▸
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Help Grow the Commonsense Movement! ([link removed] )

We need your help, pitch in $3 or whatever you can to keep this movement growing. Your contributions go directly towards our efforts to support problem solving in America and bring common sense to Washington.

KEEP THIS MOVEMENT GROWING, CHIP IN HERE ▸
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