Question:
Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem will necessarily involve a decision about which citizens will bear the burden of trying to balance the budget and how various general approaches can influence where the burden is likely to fall.
Additional Information:
The question belongs to economics, mainly to macroeconomics and it is describe the long term Federal government budget problems is discussed in the answer. Related questions such as misleading base-line forecast of CBO and the citizens bearing the burden of the budget are also discussed.
Word Limits: 400