Question

What is the source of the u.s. fiscal imbalance and what are the painful choices that we face? the source of the fiscal imbalance is ______.

Answer 1

Social Security pensions and Medicare benefits are the sources of the U.S. fiscal imbalance and are the painful choices that we face.

What is the source of the fiscal imbalance?

The sources of the fiscal imbalance are:

• The budget imbalance is brought on by income taxes and Social Security levies, among other things.

• Social Security benefits and federal government discretionary spending both helped to reduce the fiscal imbalance.

What do you mean by fiscal imbalance?

When future debt commitments and income sources for a government are out of balance, there is a fiscal imbalance. The two types of fiscal imbalance that might affect a government's spending and revenue are vertical and horizontal.

How do you reduce fiscal imbalance?

The federal government should stop providing health and social payments to the provinces, simultaneously lower federal taxes, and let the provinces make up the lost money by increasing their taxes to put an end to the seemingly never-ending "fiscal imbalance" discussion.

Learn more about Fiscal imbalance: https://brainly.com/question/13846153

#SPJ4