As we enter the budget season under a new administration, our nation faces enormous fiscal challenges. The national debt stands just shy of $20 trillion, numerous unfunded obligations increase the debt burden substantially, and policymakers will soon have to decide how to address the debt ceiling – the statutory limit on the amount of debt the government can issue. It is time to set aside politics and work on concrete and bipartisan solutions to put America’s finances back on track.
It is in this spirit that National Taxpayers Union Foundation and U.S. Public Interest Research Group have joined together to propose a list to Congress of more than 50 recommendations to reform the future spending commitments of our nation. If enacted in their entirety, these changes would save taxpayers close to $263 billion over the coming decade.