Among economists, it is generally believed that
A) the federal budget deficit will be eliminated within 10 years.
B) the public debt will be paid off within 10 years.
C) entitlement spending will continue to decline.
D) the federal government will find it difficult to cut entitlement programs.

Question

Quizplus · Accepted Answer

Economists generally agree that it will be difficult for the federal government to cut entitlement programs. These programs, such as Social Security and Medicare, are popular among voters and have significant political support. Additionally, the aging population of the United States means that entitlement spending is likely to continue to increase in the coming years. Therefore, it is unlikely that entitlement spending will decline in the near future.

Among Economists, It Is Generally Believed That