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1.U.S. national debt has been growing with a rapid rate. (a) What have been the main causes of the rapid growth of the public debt

1.U.S. national debt has been growing with a rapid rate.

(a) What have been the main causes of the rapid growth of the public debt historically?

(b) What is the key long-run problem of the both Social security and Medicare?

(c) Explain some of the unpleasant options recommended to restore long-run balance to Social Security and Medicare.

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