In its final report, “The Moment of Truth,” the President’s bipartisan National Commission on Fiscal Responsibility and Reform (“Fiscal Commission”) declared that the era of deficit denial is over. The debt crisis in Europe, the sobering election results, and the work of the Fiscal Commission have transformed the debate from a question of if we will reduce long-term deficits, to a matter of when and how we will do so. Fiscal responsibility is the dominant national issue, and we have the rare opportunity to enact a broad bipartisan plan to reduce the deficit and bring the debt under control. We must not let this opportunity pass.
The Moment of Truth project aims to use the Fiscal Commission’s findings to spark a national discussion on the need to implement a comprehensive budget fix, and to help further develop the policy reforms ideas to improve the nation’s fiscal outlook.
The Moment of Truth project seeks to build on this effort, working with Congress, the Administration, and the public at large. The project focuses primarily on public education, Congressional outreach, and technical and policy analysis.
The Moment of Truth project is a project of the Committee for a Responsible Federal Budget, a bipartisan, non-profit organization committed to educating the public about issues that have significant fiscal policy impact. The Committee is made up of some of the nation’s leading budget experts including many of the past Chairmen and Directors of the Budget Committees, the Congressional Budget Office, the Office of Management and Budget, the Government Accountability Office, and the Federal Reserve Board.
The Moment of Truth (MOT) project is a non-profit, non-partisan effort that seeks to foster honest discussion about the nation’s fiscal challenges, the difficult choices that must be made to solve them, and the potential for bipartisan compromise that can move the debate forward and set our country on a sustainable path.
To contact the Moment of Truth project, or for media and other inquiries, please email Ed Lorenzen at email@example.com.