The national debt should NOT be paid off quickly because of:

Question

Quizplus · Accepted Answer

Paying off the national debt quickly would require surplus budgets, which could strain government finances. Additionally, paying off debt held by foreign entities would result in a significant outflow of funds from the country. Lastly, the process of paying off the debt could lead to a redistribution of income, potentially disadvantaging certain groups. Therefore, all the listed reasons contribute to why the national debt should not be paid off quickly.

The National Debt Should NOT Be Paid Off Quickly Because