A mismatch between the federal government's revenues and spending-now and in the foreseeable future-requires heavy borrowing, leading to a large and increasing federal debt. That trend raises a serious challenge to the goals that people expect their government to pursue. It also raises questions about the nation's future wealth and whether too much debt could lead to higher interest rates and even to loss of confidence in the nation's long-term ability and commitment to honor its obligations.In light of these projections, Choosing the Nation's Fiscal Future offers an assessment of the options and possibilities for a sustainable federal budget. This comprehensive book will provide readers with a practical framework to assess budget proposals and policy changes within the constraints of a responsible national budget. This book will be uniquely valuable to anyone concerned about the current and projected fiscal health of the nation.The nation turns to the National Academies-National Academy of Sciences, National Academy of Engineering, Institute of Medicine, and National Research Council-for independent, objective advice on issues that affect people's lives worldwide.The National Academy of Public Administration is a non-profit, independent organization of top public management and organizational leaders who tackle the nation's most critical and complex public management challenges. With a network of more than 650 distinguished Fellows and an experienced professional staff, the Academy is uniquely qualified and trusted across government to provide objective advice and practical solutions based on systematic research and expert analysis. Established in 1967 and chartered by Congress in 1984, the Academy continues to make a positive impact by helping federal, state and local governments respond effectively to current circumstances and changing conditions. Learn more about the Academy and its work at www.NAPAwash.org.