For a period of 18 months, an Academy committee examined one of the most critical Big Ideas: the short- and long-term fiscal future of the United States. Its work has culminated in this report, Ensuring the Future Prosperity of America: Addressing the Fiscal Future, which lays out findings and recommendations designed to contribute to the dialogue and debate surrounding this important issue.
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The committee calls on policy makers, administrators and the public to recognize that today’s decisions can change the fiscal future, for better or worse. Setting priorities and making difficult choices can pay off in the years to come and strengthen the ability of governments at every level to serve the public interest.
Work is needed in three broad areas to incorporate the long-term outlook into the budget process: