What is going to happen to the federal debt

Reference no: EM132201184

Question: Look at your federal government's own predictions for the federal budget.

This is a document prepared by the non-partisan Congressional Budget Office every year. Read the full summary, and answer the following questions:

1. What is going to happen with the federal budget - deficits or surpluses - over the next 30 years (until 2046)?

2. By 2046, tax revenues will cover only planned spending on Social Security and Medicare and part of the interest payments on the national debt. What does this mean for your future, or your children's future?

3. What is going to happen to the federal debt?

4. What is driving the change in the debt?

5. What solutions are possible? How will these options affect you? How will they affect senior citizens?

Reference no: EM132201184

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