8. The Congressional Budget Office projects that, under current policies, U.S. public debt will reach 233 percent
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8. The Congressional Budget Office projects that, under current policies, U.S. public debt will reach 233 percent of GDP in 30 years and nearly 500 percent in 50 years.
a. What is a fiscal imbalance? How might the U.S. government reduce the fiscal imbalance?
b. How would your answer to part
(a) influence the generational imbalance?
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