Which of the following will make it more difficult for the United States to control the growth of the federal debt in the decade ahead?
A) Debt financing makes it possible for elected political officials to provide voters with highly visible current benefits without having to impose visible current cost in the form of higher taxes.
B) The movement of the large baby-boom generation into the retirement phase of life will make it more difficult to control federal spending.
C) The recent growth of the federal debt as a share of GDP will mean higher interest costs in the future.
D) All of the above.
Correct Answer:
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