The Statement That "Repaying Our Enormous National Debt Will Ruin

Multiple Choice

The statement that "repaying our enormous national debt will ruin the nation" is

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