This project is all about making assumptions, justifying/explaining them, and then performing sensitivity analyses. At a minimum:1.You need to provide twoor more default criteria.•One pretty obvious

This project is all about making assumptions

, justifying/explaining them, and then performing sensitivity analyses. At a minimum:

1.You need to provide two

or more default criteria.

•One pretty obvious one is when gross 

mandatory expenditures (including 

interest) exceed gross revenues.

2.You need to determine which type of debt you’re examining –

debt 

held by the public, 

or gross debt, or both.

3.

You need to make tax revenue assumptions.

4.

You need to make assumptions about GDP growth rates.

5.

You need to make assumptions about interest rates on existing and/

or new debt.

6.

You need to make assumptions about growth rates of assorted federal programs.

Your actual write-up will include a description of the current debt situation, a discussion of your methodology including assumptions, discussion of results including several sensitivity analyses, 

and your opinion as to whether the U.S. federal debt can ever be repaid. I do 

NOT

want a 

spreadsheet. I DO

want charts and tabulated results, as appropriate.