The burden of the debt is passed on to future generations when the debt is held by
A)Foreign households.
B)U.S.households.
C)U.S.corporations.
D)State and local governments.

Question

Quizplus · Accepted Answer

When the debt is held by foreign households, the interest payments on the debt are leaving the country, which reduces national income and leaves less wealth for future generations of Americans. This can also create dependence on foreign countries and potentially negative impacts on national security.

The Burden of the Debt Is Passed on to Future