I need an explanation for this Economics question to help me study.
It’s easy to say that the government “should” eliminate the debt. However, to do that requires some very difficult choices that impact real lives.
To get a sense of what would be required, go to the following site:
Make your decisions to get to the stabilized debt level (note, I don’t agree that 60% of GDP is some magic number.) Create a PDF or do a screen print of the results page. Then tell me what budget cut you felt was the hardest to make and why? Were you able to balance the budget?