The national debt is ____ of the United States government and ___ of the people who hold it.

Question

Quizplus · Accepted Answer

The national debt represents the amount of money that the United States government owes to various entities such as individuals and foreign governments. As a result, it is considered a liability of the government. However, for the individuals or entities that hold the government bonds or securities, the national debt represents an asset, as they are owed the money and can expect to receive interest on their holdings. Therefore, the national debt is a liability of the government and an asset for those who hold it.

The National Debt Is ____ of the United States Government