All of these statements are true of the U.S. national debt EXCEPT
A) massive government stimulus spending during the most recent recession increased the national debt.
B) it is difficult to increase taxes and reduce the deficit because Americans don't want their taxes increased and Congress has difficulty agreeing on appropriate tax rates.
C) the national debt in the United States continues to grow at record levels.
D) the recently enacted tax cuts in the United States are projected to decrease the national debt significantly over the next 10 years.
E) to reduce the debt, the government has to increase its revenues or reduce spending on social, defense, and legal programs.

Question

Quizplus · Accepted Answer

Massive government stimulus spending during the most recent recession increased the national debt. Because many Americans don't want their taxes increased and Congress has difficulty agreeing on appropriate tax rates, it is difficult to increase taxes and reduce the deficit. As a result, the national debt continues to grow. To reduce the debt to a manageable level, the government either has to increase its revenues or reduce spending on social, defense, and legal programs. The recently enacted tax cuts in the United States are projected to increase the national debt, not decrease it.

All of These Statements Are True of the U