The Dodd-Frank reform legislation had multiple goals: among them, preventing a repeat of the financial crisis by closing regulatory gaps and, through the Financial Stability Oversight Council it created, identifying and addressing systemic risks before they damage our economy. Spotting the next big issue is critical — but it is both extremely hard to do in itself and, even when threats are identified, it can be difficult to achieve necessary change. Consider, for example, the nation’s debt problem. It’s widely known that the United States has large deficits and spiraling entitlement obligations and is spending at an unsustainable rate. Yet many in Washington continue to kick the can down the road, and the discussion focuses on short-term spending deals merely to avoid a government shutdown. Meanwhile, growing federal deficits threaten price stability, the dollar and, ultimately, economic competitiveness.