The net federal debt is projected to soar from about 80 percent of GDP in 2020 to more than 150 percent of GDP by 2050.
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Q8: State revenue bonds are backed by the
Q9: If taxpayers anticipate future tax increases when
Q10: The federal government budget recorded surpluses between
Q11: Other things being equal, an increase in
Q12: More than 50 percent of the federal
Q14: A federal budget surplus can lead to
Q15: The U.S.deficit in the 1980s was structural
Q16: From 1950 to 2009, the federal government
Q17: The outstanding federal debt will decline in
Q18: State and local governments are usually required
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