kitykay8399 kitykay8399

19-12-2022
Law

Answered

Read this excerpt from the text about the borrowing power of Congress."Congress has put a statutory ceiling on the public debt, however. The public debt is all of the money borrowed by the Federal Government over the years and not yet repaid, plus the accumulated interest on that money. That legal ceiling has never amounted to much more than a political gesture, however. Congress regularly raises the limit whenever the debt threatens to overtake it. The public debt is approximately $16 trillion." What is the BEST explanation of the debt ceiling?

Answer :

Other Questions

which of the following is a reason why a foreign country might hire a u.s. public relations firm to conduct public relations efforts on its behalf in america?

When the Federal Reserve decreases the discount rate, monetarists and Keynesians would agree on which of the following changes to the money supply and interest

which of the following best summarizes how the supreme court defined congress' power over commerce in the cases gibbons v. ogden, 1824, and united states v. lop

Interest received on a refund from an amended return is: Choose one answer. a. Tax-exempt interest reported on Form 1040, line 8b.b. Never paid by the IRS.c. Ta

which of these is not something that is appropriate to put in paragraph 11 (the special provisions section) of a trec-promulgated contract? the details of an ad

What do you think i the ditinction between property categorized a public domain and private domain? A. Public domain refer to property owned by the tate while p

seafood restaurant company pays income and other taxes collected by the internal revenue service (irs). like other federal administrative agencies, the irs was

the traditional model of the political spectrum defines political opinion based on which of the following? responses behavior behavior power power change change

as one of the most constructive pieces of military legislation ever adopted in the united states, the national defense act of 1920 rejected the theory of an exp

identify a major concern of southern delegates debated at the constitutional congress.