NEW YORK (CNNMoney.com) - When it comes to managing the country's purse strings, Washington gets a failing grade from several groups of citizens and experts across the country.
Those groups, part of the Concord Coalition's Fiscal Stewardship Project, went to Capitol Hill on Monday to deliver a report to their lawmakers detailing their suggestions for how best to address the long-term fiscal storm facing the United States if lawmakers do nothing.
The approaching storm is not a surprise to anyone in Washington.
Indeed, the debt issues threatening to consume the federal budget over time have been in the making for years. The economic crisis of the past year isn't the underlying problem, but it accelerated the timetable lawmakers face for dealing with the country's fiscal problems.
There are many ways to fix what's broken. What's been lacking is the political will.
Some experts believe that all will be much better once the economy recovers. A strong economy means more jobs, more taxable income and more government revenue. And when government has more money coming in, it has to borrow less to pay its bills.
That would be swell. But it's not enough.