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Chapter 13: What to Do?

successfully for jobs of the future
without a plan to get this crushing debt
burden off our backs.

As members of the National
Commission of Fiscal Responsibility
and Reform, we spent the past eight
months studying the same cold, hard
facts. Together, we have reached these
unavoidable conclusions: The problem
is real. The solution is painful. There is
no easy way out. Everything must be on
the table. And Washington must lead.”

The Simpson-Bowles Commission recognizes that
the ultimate solution to our economic problems is
growth. Real sustainable growth can only happen when
a society uses sufficient savings and provides incentives
for productive investments. There is no easy fix to our
problems, and no amount of creditism will grow the
economy in the long-run. Although more than 60% of
Congress supported its recommendations, the report did
not see the light of day. Politicians have chosen to
ignore the findings and recommendations of the
Simpson-Bowles Commission.
Many nations and municipalities are paying the
price of spending and borrowing programs while
ignoring pro-growth policies. The longer the United
States refuses to heed the warnings of the Grace
Commission, the Simpson-Bowles Commission, and
the Gramm-Rudman-Hollings Act, the more massive
the next collapse.

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