The only way to stop the growth of the national debt is to eliminate the budget deficits that create debt.
A balanced annual budget is the first step in debt reduction.To reduce the debt there must be a budget surplus where tax revenue exceeds government spending.

Question

Quizplus · Accepted Answer

This statement is true. In order to stop the growth of the national debt, the government must eliminate budget deficits that create debt. This can be achieved by having a balanced annual budget where government spending is not higher than tax revenue. In fact, in order to reduce the debt, there must be a budget surplus where tax revenue exceeds government spending.

The Only Way to Stop the Growth of the National