While the 2016 elections are behind us, the nation’s long-term fiscal challenges remain. The nonpartisan Congressional Budget Office (CBO) projects that national debt could rise to 141 percent of gross domestic product (GDP) by 2046 — far exceeding the 50-year historical average of approximately 40 percent of GDP. As a new President and Congress look ahead to 2017, they will have a range of policy opportunities to achieve greater economic growth and long-term fiscal sustainability.
Here are the top ten reasons why fiscal and economic issues should be at the forefront of the 2017 policy conversation.
Now that the economic recovery is more sure-footed, we have the opportunity to put in place sensible reforms that will put our long-term fiscal trajectory on a sustainable path.