austerity measuresbudget deficitseconomic consequenceseconomic growtheconomic policieseconomic research groupeconomic stability.financial accountability.financial sustainabilityfiscal responsibilitygovernment spendinglong-term planningparties ignoring painful choicespolicy decisionspolitical leadershippolitical partiespublic debtpublic finance challengespublic servicestax reformthink tank
What are some examples of "painful" choices that the parties are ignoring?
According to the think tank, the parties are avoiding addressing public finance challenges such as cutting spending, raising taxes, or reforming entitlement programs.
Why is it important for parties to address these challenges?
Failing to address these challenges could lead to long-term economic instability, increased debt, and potential financial crises in the future.
What are the potential consequences of ignoring these "painful" choices?
If the parties continue to ignore these challenges, it could result in a lack of fiscal sustainability, reduced public services, and a burden on future generations to address the growing debt.