A Large Public Debt Would Not Bankrupt the Federal Government

question 386

True/False

A large public debt would not bankrupt the federal government, because it can refinance the debt or
increase taxes to pay the debt.

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Definitions:

Human Beings

Members of the species Homo sapiens, characterized by their ability to think, reason, and create complex cultures.

Reflective

Engaged in, involving, or characterized by deep thought or contemplation.

Biologically Alive

A state characterized by the capacity for growth, reproduction, functional activity, and continual change preceding death in living organisms.

Purpose

The reason for which something is done or created or for which something exists.