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

Question

Quizplus · Accepted Answer

Each time the principal on the debt comes due, the U.S. Treasury rolls it over by issuing more debt, so the statement that "repaying our enormous national debt will ruin the nation" is false.

The Statement That "Repaying Our Enormous National Debt Will Ruin