The issue of how the U.S. national debt would be reduced is addressed. Can the U.S. federal government continue to expect its revenues to rise to the occasion? Will the retirement of seventy million baby-boomers result in diminished federal revenue and increased federal expenditures? Will the changing tax structure increase federal revenues? Will these circumstances lead to incapacity of our federal government to service its burgeoning national debt? Are there probable disaster scenarios that policymakers must navigate around through judicious policy choices? Is it time to start drastically cutting the federal budget? These are the questions addressed by the analytical and simulation models.
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