Biden Says Raising Debt Limit Is About Paying Old Debts
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a consistent financial practice of the United States since its inception?
Defaulting on its debts
Paying its bills
Avoiding taxes
Increasing spending without limits
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for raising the debt limit?
To fund new government projects
To reduce taxes
To pay off existing debts
To increase military spending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is raising the debt limit usually a bipartisan effort?
It is a way to cut taxes
It reduces the national debt
It is necessary to meet existing financial obligations
It involves new spending plans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant factor in the need to raise the debt limit recently?
Reckless spending policies of the previous administration
Increased tax revenue
New infrastructure projects
Decreased military spending
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be a consequence of not raising the debt limit?
Higher retirement savings
A self-inflicted economic wound
Increased job opportunities
Economic stability
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