The long-term fiscal outlook of the United States is the subject of this probing and insightful paper released by The Brookings Institution and the Heritage Foundation in April 2008. Authored by a group of scholars and experts who span the ideological spectrum, they all share "a deep concern about the nation's long-term fiscal outlook." They seem to agree on a number of things, including that "unsustainable deficits in the federal budget threaten the health and vigor of the American economy." In this work, they offer a number of proposals for change, including offering up the suggestion that Congress and the president "enact explicit long-term budgets for Medicare, Medicaid, and Social Security that are sustainable." The report will be a valuable find for many, including students of public policy, economists, and those in government.
Comments