For many years, we have been warned that our nation is on an imprudent & unsustainable fiscal path. During the past three years, the Comptroller General has traveled to 25 states as part of the Fiscal Wake-Up Tour. Members of this diverse group of policy experts agree that finding solutions to the nation¿s long-term fiscal challenge will require bipartisan cooperation, a willingness to discuss all options, & the courage to make tough choices. In this testimony, the Comptroller General discusses the long-term fiscal outlook, our nation¿s huge health care challenge, & the shrinking window of opportunity for action. Illustrations.

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Long-Term Fiscal Outlook: Action Is Needed to Avoid the Possibility of a Serious Economic Disruption in the Future

New Directions in American Politics introduces students not just to how the American political system works but also to how political science works. La Raja brings together top scholars to write original essays across the standard curriculum of American government and politics, capturing emerging research in the discipline in a way that is accessible for undergraduates. Each chapter combines substantive knowledge with the kind of skill-building and analytical inquiry that is being touted in higher education everywhere. Contributors to New Directions highlight why the questions they seek to answer are critical for understanding American politics, and situate them in the broader context of controversies in research. The teaching of American politics follows a well-worn path. Textbooks for introductory courses hew to a traditional set of chapters that describe the Founding, American institutions, the ways citizens participate in politics, and sometimes public policy. The material rarely engages students in the kind of questions that animate scholarship on politics. One hurdle for instructors is finding material that reflects quality scholarship—and thus teaches students about why, not just what—and yet is accessible for undergraduates. Articles in scholarly journals are typically unsuited for undergraduate courses, particularly introductory courses. What is needed is a book that conveys exciting trends in scholarship across vital topics in American politics and illustrates analytical thinking. New Directions in American Politics is that book and will be an ideal companion to standard textbooks that focus mostly on nuts and bolts of politics. The book features: Contributions from a top-notch cast of active scholars and a highly regarded editor A focus on analytical thinking that addresses questions of causality Full coverage of the American politics curriculum Short interviews with each contributor on a companion website to help the research come alive and prompt critical thinking questions for students Work that draws on the highest quality research in political science but is written specifically for first year undergraduate students. There is simply no book like this available to the growing number of faculty who want their introductory American politics course to be a reflection of the political science discipline and not just the nuts and bolt facts of the American political system.