If the national debt is owed entirely to U.S.citizens,
A)paying off the debt will necessarily stimulate growth.
B)future interest payments on the debt are not a burden to the nation as a whole.
C)future economic growth will necessarily be slowed.
D)the debt constitutes a burden to these citizens.

Question

Quizplus · Accepted Answer

Future interest payments on the national debt, when owed entirely to U.S. citizens, involve a transfer of money within the country. This means that while some citizens receive interest payments, others pay taxes to fund these payments. The nation as a whole does not lose resources to foreign entities, so the interest payments are not a burden to the nation as a whole, but rather a redistribution among its citizens.

If the National Debt Is Owed Entirely to U