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 <subject>Balanced budgets</subject>
 <subject>Budget deficit</subject>
 <subject>Deficit reduction</subject>
 <subject>Economic growth</subject>
 <subject>Financial management</subject>
 <subject>Fiscal policies</subject>
 <subject>Future budget projections</subject>
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<titleInfo>
 <title>Highlights of a GAO Forum: The Long-Term Fiscal Challenge</title>
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<abstract>Research on public opinion shows that while the public is aware
of the Federal Goverment&apos;s long-term fiscal challenge, it does	 
not have a good handle on the size and implications of this	 
challenge. In addition, the public consistently ranks our	 
long-term fiscal challenge as low priority relative to other	 
issues, such as the current state of the economy. This gap in	 
public understanding of the nature and magnitude of the longterm 
fiscal challenge--and how to bridge it--was the subject of GAO&apos;s 
December 2, 2004, forum on the long-term fiscal challenge. The	 
forum sought to move beyond &quot;the usual suspects&quot; to expand the	 
circle of concern. The forum sought to create a space within	 
which a rich and meaningful dialogue could take place on how to  
better communicate the long-term fiscal challenge to the public. 
To achieve this kind of dialogue, participants were a select	 
group of individuals drawn not only from budget and policy	 
experts but also from other key groups both in Washington and	 
from &quot;beyond the Beltway.&quot; These included opinion leaders from a 
variety of sectors. All brought a commitment to thinking ahead	 
and an eagerness to move beyond defining and measuring &quot;the	 
problem&quot; to discussing how to broaden understanding and dialogue 
so that action will be both more immediate and more informed. In 
particular, the forum sought to identify some possible approaches
and strategies that could help elevate the public&apos;s understanding
of the longterm fiscal challenge. Forum discussions focused in	 
particular on the roles that media, educators, and leaders	 
elsewhere in society will need to play. In so doing, participants
expressed their views on the possible causes of current gaps in  
public understanding of the long-term fiscal challenge. 	 
Participants also made numerous suggestions for what types of	 
approaches and actions might be effective in bridging the gaps.  
This report summarizes the ideas and themes surfaced at the forum
and the collective discussion of the forum participants as well  
as subsequent comments received from participants based on a	 
draft of this report. Convening this forum is but one small step 
toward elevating public understanding of the challenge and	 
acceptance of the need for change. Ultimately it will take the	 
combined efforts of many individuals and groups over an extended 
period of time to successfully address the issues. The forum	 
provided a venue for people concerned with the long-term fiscal  
challenge to talk with each other about their common interest in 
public dialogue on the issue. One immediate result of the forum  
has been that groups of participants have gotten together. These 
collaborations have the potential to leverage the efforts of its 
individual members in order to increase the likelihood of action 
on this important issue.</abstract>
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<subject>
 <topic>Balanced budgets</topic>
 <topic>Budget deficit</topic>
 <topic>Deficit reduction</topic>
 <topic>Economic growth</topic>
 <topic>Financial management</topic>
 <topic>Fiscal policies</topic>
 <topic>Future budget projections</topic>
 <topic>Public officials</topic>
 <topic>Public relations</topic>
 <topic>Social security benefits</topic>
 <topic>CG Forum</topic>
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  <title>United States Statutes at Large</title>
  <partNumber>Volume 117 Page 2066</partNumber>
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 <identifier type="Statute citation">117 Stat. 2066</identifier>
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 <titleInfo>
  <title>United States Public Law 173 (108th Congress)</title>
</titleInfo>
 <identifier type="public law citation">Public Law 108-173</identifier>
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