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Highlights

The U.S. government is the largest, most diverse, most complex, and arguably the most important entity on earth today. The United States is also a great nation. It has much to be proud of and much to be thankful for. However, our nation is not well positioned to meet the challenges and capitalize on the opportunities of the 21st Century. We are also failing to properly discharge one of our biggest stewardship responsibilities to our children, grandchildren, and generations of unborn Americans: fiscal responsibility. The purpose of this publication is to assist both the Congress and American citizens in understanding and evaluating the federal government's current financial condition and long-term fiscal outlook.

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