US National Debt Quiz

What is the approximate current US national debt?

• $26 trillion

• $36 trillion

• $46 trillion

• $56 trillion

According to the presentation, what government expense will debt service exceed next year?

• Education spending

• Healthcare spending

• Defense spending

• Infrastructure spending

Which of the following is NOT mentioned as part of Trump's economic plans?

• Tax cuts

• Tariffs on imports

• Increasing minimum wage

• Other economic programs

What fraction of government dollars currently goes to repaying debt?

• 1 in 3

• 1 in 4

• 1 in 5

• 1 in 6

How might higher interest rates affect individuals?

• Make it easier to buy homes and cars

• Make it harder to buy homes and cars

• Increase savings account returns

• Lower credit card interest rates

What is the Republican perspective on tax cuts?

• They mainly benefit the wealthy

• They can stimulate economic growth

• They should be avoided at all costs

• They have no effect on the economy

Which area is NOT mentioned as a potential target for spending cuts?

• Environmental programs

• Medicaid

• Military spending

• Both a and b are mentioned

What potential downside of tariffs is mentioned in the presentation?

• They could decrease government revenue

• They might lead to trade wars

• They could increase prices for consumers

• They might cause job losses in export industries

In the 1990s, what was the eventual result of deficit reduction efforts?

• A larger national debt

• A budget surplus

• An economic recession

• Higher unemployment rates

According to the presentation, what will debt service payments exceed in the near future?

• Social Security payments

• Medicare expenses

• Defense spending

• Education funding