Should we be concerned about growing federal debt

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Reference no: EM131165297

Should we be concerned about a growing federal debt?

a. No, because budget deficits are more impor- tant to worry about than the federal debt.

b. No, because federal debt, unlike private debt, does not have to be repaid.

c. Yes, because a large federal debt may slow the rate of economic growth in the future.

d. Yes, because if the debt grows too large, we will have to receive bailouts from other countries, which means they will be able to control our policy and economy.

e. Yes, because it is likely that the government will confiscate the savings of individuals to pay for the debt.

Reference no: EM131165297

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