Long-term federal government budget problems

Course:- Macroeconomics
Length: Word count: 394
Reference No.:- EM1321

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Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem will necessarily involve a decision about which citizens will bear the burden of trying to balance the budget and how various general approaches can influence where the burden is likely to fall.

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