Sizeable Budget Deficits Can Be Expected in the Years Ahead

Sizeable budget deficits can be expected in the years ahead because

A) the retirement of the baby boom generation will soon begin to push expenditures on both Social Security and Medicare upward.
B) the political incentive structure encourages politicians to spend more revenue than they are willing to tax.
C) both a and b are true.
D) both a and b are false.Budget surpluses can be expected in the years ahead.