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The United States Government Will Not Go Bankrupt

Question 64

Multiple Choice

The United States government will not go bankrupt


A) as long as it continues to supply funds for transportation, education, housing programs, and the military.
B) as long as the net public debt stays between 60 and 70 percent of the Gross Domestic Product (GDP) .
C) as long as the deficit does not exceed $1.3 trillion.
D) as long as it can collect taxes to pay the interest on the public debt.
E) as long as no more than half the debt is held by foreign nations.

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