Identify a true statement about balancing the federal budget. Multiple Choice It may not be necessary to balance the federal budget because the U.S. debt is borrowed at extremely low interest rates. Economists agree that it is vital and wise to balance the federal budget because incurring large deficits is unsustainable in the long run. It may not be necessary to balance the federal budget because the inevitable growth in the Gross Domestic Product of the nation will result in enough tax revenues to pay off the national debt. It is vital to balance the federal budget because of the high interest rate that the government is required to pay on the national debt