How would entitlement spending be funded

Reference no: EM13184525

1. What would be true of entitlement spending rose to 100 percent and the federal budget was balanced? (Hint: Under a balanced budget, tax revenues equal the sum of discretionary expenditures.)

2.How would entitlement spending be funded if tax revenues just covered discretionary spending and there was a government budget deficit?

Reference no: EM13184525

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