(ESSAY FORMATTED ANSWER PLEASE)
Notice that the Pensions and Health Care mandatory spending is growing at an increasing rate each year. From 2010 to 2018, this only increased by about 450 billion dollars, but from 2019 to 2027 it increases by over 1.8 trillion and grows another 1.2 trillion the next three years. Do some research and discuss why this is happening to these programs. What can we do to adjust this growth? What proposal have congress proposed to fund these changes?
Do some research and discuss what is termed “Unfunded Federal Liabilities,” what problems do these obligations cause the Federal Government in the long term, what are some ways to address this problem?
The Federal Government has a few tools to address the deficit and subsequent debt problem. Monetary Policy and Fiscal Policy. Research these policies and describe the various tools that are available to help with the debt.