Statement I: Foreigners have been holding an increasing percentage of the public debt.
Statement II: The U.S.federal government ran mega deficits from the early 1980s to the mid-1990s.

Question

Quizplus · Accepted Answer

Both statements are true. According to data from the U.S. Treasury, foreign ownership of U.S. public debt has been increasing in recent years. Additionally, the U.S. federal government did run large deficits from the 1980s to the mid-1990s, with the highest deficit occurring in 1992 at $290 billion.

Statement I: Foreigners Have Been Holding an Increasing Percentage of the Public