Marcelo Rice

Social Studies

18 December, 09:18

Which of the following best compares state and federal laws concerning government debt?

A) Federal and most state governments are required to have balanced budgets and no debt by federal law.

B) Most state governments have laws allowing some debt each budget year, while the federal government increases its debt limit each year.

C) Most state governments have laws requiring balanced budgets, while the federal spending and debt can go over budget.

D) Federal and most state governments have unrestricted authority to increase spending beyond their collected money.