Choosing the Nation's Fiscal Future

Testimony

Choosing the Nation's Fiscal Future

Statement of Rudolph G. Penner to the National Commission on Fiscal Responsibility and Reform
April 27, 2010

Abstract

In testimony to the National Commission on Fiscal Responsibility and Reform, Rudolph Penner contends that stabilizing the national budget will require sweeping policy changes Americans are not used to. He summarizes findings from the Our Fiscal Future committee organized by the National Academies of Science and Public Administration. The group's report warns that crisis is imminent if entitlements are not reformed, but offers four packages of reform options that can be used to achieve fiscal stability.

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