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Authored by Alice M. Rivlin and Isabel V. Sawhill, this 114-page report from The Brookings Institution offers an assessment of the federal budget outlook over the coming decade. In summary, the report projects "large and persistent deficits," and discusses why these deficits may be of grave concern to the fiscal security and stability of the United States and its economy. Throughout its pages, the report suggests three primary ways to balance the budget. The first approach involves spending cuts and a smaller federal government, another relies on tax increases, while the third approach suggests a balanced mix of spending cuts and tax increases. The work itself is divided into six chapters, which may be downloaded individually.
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