Analyzing Theoretical Perspectives and Long-Term Implications of National Debt and Budget Deficit Solutions

Write an essay analyzing· Different theoretical views on national debt,· Long-run costs of high national debt,· Costs of eliminating the budget deficit solely through (1) personal tax increases, and/or (2) through spending cut by decreasing in transfer payments (i.e., Social Security, Medicare and Medicaid) and in discretionary spending (such as defense and education budgets). Complete this essay in a Microsoft Word document, APA formatted which will automatically submit it to “TurnItIn” for plagiarism review. Please note that a minimum of 700 words is required.

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