Fallout Symbols

Fiscal Fallout Contest

CRFB Fiscal Fallout Contest Logo#FiscalFallout

The national debt is huge and growing—in fact as a share of the economy, it is the largest it has been at any time in the history of this country other than just after World War II. Our annual deficit—the amount we borrow each year—is approaching one trillion dollars per year ($1,000,000,000,000). Our interest payments on the debt are the fastest growing part of the budget.

And yet there is no plan in sight to make this situation any better.

Part of the problem is it is so hard to personalize the national debt, visualize the damage it is doing, and understand in human terms, the real cost to families, the country and the future. (We put out a lot of good work, but our comfort zone is our spreadsheets.)

That's where you come in!

 

The Fiscal Fallout Contest

The Committee for a Responsible Federal Budget is launching our Fiscal Fallout Contest.

We are asking students from across the country to submit a compelling multimedia presentation (video, podcast, short story, song, storyboard etc.) that portrays the social and human impact of a fiscal scenario caused by our debt. Whether that is Social Security going bankrupt, sky-high interest rates, or even the United States defaulting - the fallout is up to you!

Who Can Enter:      

This contest is open to high school, college and graduate students.

Teams:                        

Submissions can be done individually or in teams of up to 5 people.

Deadline:                   

March 1, 2020

Prizes:                         

First Place:          $5,000 (what the U.S. spends every half-second on interest on the debt.)

Second Place:    $1,000

Third Place:         $500            

For more information please contact: Ben Tomchik at tomchik@crfb.org 

Enter Contest

Contest Flyer

Frequently Asked Questions

Resources

After the 2020 Election, Fiscal Challenges Await

Why Should We Worry About the National Debt

Why Should We Worry About the National Debt: Questions and Answers