The Statement That "Repaying Our Enormous National Debt Will Ruin

question 25

Multiple Choice

The statement that "repaying our enormous national debt will ruin the nation" is

• A) t, because taxes will have to go up by such large amounts that American citizens will have very little income to live on.
• B) t, because most of our national debt is owed to foreigners.
• C) f, because the government will take emergency measures to prevent national bankruptcy.
• D) f, because each time the principal on the debt comes due, the U.S. Treasury rolls it over by issuing more debt.

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