Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem will necessarily involve a decision about which citizens will bear the burden of trying to balance the budget and how various general approaches can influence where the burden is likely to fall.
The question about long term Federal government budget problems is discussed in the solution. Related questions such as misleading base-line forecast of CBO and the citizens bearing the burden of the budget are also discussed.
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