Every fiscal decision involves opportunity costs

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The United States has accrued a public debt of over $19 trillion over the course of its history, which is equivalent to slightly more than the annual nominal GDP of the nation. Come up with and explain at least two ideas in terms of how to reduce the debt to levels less than 100% of nominal GDP in the future, keeping in mind that every fiscal decision involves opportunity costs.

Reference no: EM131092498

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