Publisher's Synopsis
"George Will nailed it when he said we are sleepwalking into a debt crisis. A Fiscal Cliff: New Perspectives on the U.S. Debt Crisis aims to be a key source of the ideas that will be considered once the already-declared crisis is taken seriously. The unsustainable, and still rapidly growing, U.S. Federal Government debt is a classic case of ''in denial." Indeed, we are no closer to a solution to the debt crisis than we were ten years ago when the Simpson-Bowles Commission issued a report with recommendations to address the nation's debt crisis. The bipartisan Commission fell short of the supermajority vote required to submit their recommendations to Congress. President Trump declared a debt crisis, but didn't act like it. Various commissions and think tanks have made numerous recommendations. In 2019, a Congressional Committee was appointed to recommend budget process reforms, but that Committee could not agree on any recommendations to
