When the federal government borrows money, it can fund higher expenditures in the short term, but incurs a debt that accrues interest and has to be paid off in the long term. What does this imply about the trade-off between current and future taxes? How might this trade-off change if the overall size of the economy grows over time?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.