The National Commission on Fiscal Responsibility and Reform

The National Commission on Fiscal Responsibility and Reform was a bipartisan group established in 2010 to analyze the U.S. government's budget situation. Its goal was to identify ways to reduce the national debt and improve fiscal stability through recommendations on spending, taxes, and government programs. The commission sought solutions that would ensure long-term economic health while addressing deficits, but it’s not a policymaking body itself. Instead, it provided a report for Congress to consider, encouraging responsible financial management to prevent uncontrolled debt growth that could threaten future economic stability.