Problem
1. (Crowding Out) How might federal deficits crowd out private domestic investment? How could this crowding out affect future living standards?
2. (Interest on the Debt) Why did interest payments on the national debt fall from 15.4 percent of the federal budget in 1996 to 6.7 percent in 2004.Why is this percentage expected to increase in the future?
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.