...the White House and Congress have both acknowledged more work needs to be done.

Until it is, "policy decisions will continue to be driven by short-term crisis management rather than responsible strategic planning," Robert Bixby, executive director of the Concord Coalition, wrote in a blog post.

What's more, Bixby added, "uncertainty will continue to be a drag on the economy, public frustration with the political process will grow and the debt burden hanging over future generations will remain as our legacy."