The Nation’s Fiscal Health: Action is Needed to Address the Federal Government’s Fiscal Future, GAO-17-237SP: Published: Jan 17, 2017. Publicly Released: Jan 17, 2017: “The federal government is on an unsustainable fiscal path. Federal spending continues to outpace revenue—by $587 billion in 2016—and, absent policy changes, the structural gap between revenues and spending puts the federal government on an unsustainable long-term fiscal path. Federal policymakers face economic, security, and social challenges requiring difficult policy choices, but a long-term fiscal plan is also needed to preserve flexibility to address unforeseen events.”
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