Different theoretical views on national debt

Reference no: EM13666205

Different theoretical views on national debt,• Long-run costs of high national debt, • Costs of eliminating the budget deficit solely through (1) personal tax increases, and/or (2) through spending cut by decreasing in transfer payments (i.e., Social Security, Medicare and Medicaid) and in discretionary spending (such as defense and education budgets).

Reference no: EM13666205

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