Posted: September 16th, 2017

Idea to reduce debt of nominal GDB

Idea to reduce debt of nominal GDB

The United States has accrued a public debt of over $18 trillion over the course of its history, which is equivalent to slightly more than the annual nominal GDP of the nation.
What I’d like you to do is come up with at least one idea in terms of how to reduce the debt to levels less than 100% of nominal GDP in the future, keeping in mind that every fiscal decision involves opportunity costs.

1-page 2-3 paragraphs should be considered a minimum for adequately addressing this topic