The Idea That a Large Public Debt Is "Mortgaging the Future

question 19

Multiple Choice

The idea that a large public debt is "mortgaging the future of our children and grandchildren" is misleading because

• A)it is the Federal Reserve that will be responsible for making interest payments on the debt.
• B)future generations will have to bear the opportunity costs of the resources that are used today.
• C)future generations will not be liable for the interest obligations of the national debt.
• D)future generations will inherit the interest income as well as the interest obligations.

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