Multiple Choice
Which of the following statements about the national debt has the most validity?
A) Our large national debt can bankrupt the nation.
B) If only Americans hold the debt, then payments of interest and principal are simply transfers from some Americans to other Americans.
C) Our large national debt can lead to subjection by the people (especially foreigners) who hold the debt.
D) The national debt represents a burden to future generations who will have to make huge payments of interest and principal.
Correct Answer:
Verified
Correct Answer:
Verified
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