Question

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?

Answer 1

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.

Answer 2

So it would be D then?

Answer 3

Yes, D. is correct.