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 owe any interest obligations on the debt.
D) future generations will inherit interest payments along with interest obligations.
Correct Answer:
Verified
Q64: If the federal government fails to control
Q65: In 2009,the privately held federal debt was
Q66: The external debt is the portion of
Q67: The table below shows the revenues and
Q68: The difference between the federal budget deficit
Q71: According to the traditional view of deficit
Q73: Domestically financed deficit spending shifts the cost
Q122: If a country with a large government
Q133: As the large baby-boom generation moves into
Q137: As the outstanding debt of a nation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents