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Choosing the Nation’s Fiscal Future addresses the long-term fiscal challenges facing the United States, focusing on the growing mismatch between federal revenues and expenditures. The report provides an in-depth analysis of the factors contributing to the nation's fiscal imbalance, including the rising costs of entitlement programs such as Social Security, Medicare, and Medicaid. It offers a range of policy options to achieve a sustainable federal budget, emphasizing the need for early and decisive action to prevent future economic crises. The report also introduces a set of fiscal prudence tests to evaluate the sustainability of proposed budgetary policies.
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Publisher: The National Academies Press
Publishing Year: 2010
ISBN: 978-0-309-14723-1
Pages: 338