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March 25, 2017

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In recent decades, the Federal Government has borrowed money mostly to:
a - finance special expensive projects.
b - provide funds for crisis situations such as wars and national disasters.
c - pay the president's salary
d - operate the government and pay the previous year's debt.

Would it be A?

  • Government. - ,

    No. Debt service on bonds, entitlements (like Social Security), and the operation of all departments (including Defense)consumes most of the budget, even when there is no war.

  • Government. - ,

    So it would be D then?

  • Government. - ,

    Yes, D. is correct.

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