U.S. now 28th out of 34 developed countries in measurements of financial stability

“We think it is important for the American people to understand where the United States is as compared to other countries with regard to fiscal responsibility and sustainability,” Walker said in a CNBC interview. “Americans are used to rankings and they’re used to ranking very high, but frankly in this area we rank very low.”

While the news is bad, there is a bright side.

“Here’s the good news: Some of the top countries had their own fiscal challenges, made reforms and now rank highly,” Walker said. “If we adopt the recommendations of the National Fiscal Responsibility and Reform Commission or ones that have similar bottom-line impact, we move from 28 to 8.”