Write an essay analyzing · 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).
Write an essay analyzing · Different theoretical views on national debt, · Long-run costs of high national debt
