Choosing the Nation’s Fiscal Future is the culmination of two years of work by the Committee on the Fiscal Future of the United States, a joint project of the National Academy of Public Administration and the National Research Council of the National Academy of Sciences. Comprised of experts who represent a diversity of disciplines, a wealth of experience, and a wide range of political and policy views, the Committee members volunteered their time to produce an extraordinary body of work.
The report illustrates many ways that the nation can align federal spending and revenues to stabilize the debt within a decade, examines the cost of delaying action, and offers a test of fiscal responsibility that any proposed federal budget – including the one President Obama will propose next month – should be able to meet.
We encourage you to download the report and to share your thoughts and feedback as well. To make this easier, we’ve published the report (both the entire document as well as individual chapters) to Scribd.com, a popular social publishing web site. This platform encourages people to comment, discuss, and share documents with others on social networking sites. We hope you’ll take advantage of these tools and keep the conversation going about issues raised in the report.
Choosing the Nation’s Fiscal Future
Summary
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Chapter 1: The Long-Term Challenge
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Chapter 2: Framing the Choices
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Chapter 3: Fiscal Prudence
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Chapter 4: Choices for a Sustainable Budget
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Chapter 5: Choices for Medicare and Medicaid
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Chapter 6: Options for Social Security
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Chapter 7: Options for Defense and Other Domestic Spending
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Chapter 8: Revenue Options
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Chapter 9: Multiple Paths to Sustainability
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Chapter 10: Fiscal Stewardship: A Budget Process for the Long Term
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Chapter 11: What Should Be Done Now?
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