Addressing the Long-Run Deficit: A Comparison of Approaches

The growth of the national debt, which is considered unsustainable under current policies, continues to be one of the central issues of domestic federal policymaking. Addressing a federal budget deficit that is unsustainable over the long run involves choices. Fundamentally, the issues require deciding what government goods, services, and transfers are worth paying taxes for.… Continue Reading Addressing the Long-Run Deficit: A Comparison of Approaches