The Peter G. Peterson Foundation asked seven think tanks to come up with plans to address the national debt.

All participating think tanks agree on the need to rein in borrowing and propose a combination of revenue increases and spending cuts to reduce the debt-to-GDP ratio by at least one-third by 2054.

The report identifies Social Security, healthcare costs, and the 2017 tax cuts as key areas for potential bipartisan reform, suggesting that political will, rather than lack of solutions, is the main obstacle to addressing the debt crisis.