Description
Few realize how bad the federal government's finances are, because most evaluations are based on what happened in the past—not what is likely to happen in the future.
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Many appreciate that the federal government's finances are shaky. However, few realize how really bad they are because most evaluations are based on what happened in the past - not what will happen in the future. We know that today's federal debt amounts to $3.5 trillion, but the important - and often overlooked - question is how much debt will we incur going forward.The Fiscal and Generational Imbalance measures will help lawmakers design reforms best suited for meeting the challenges posed by the retirement and health security need of our progressively aging society.
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