Question

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.\ what is the best explanation of the debt ceiling? a. it is an unreachable goal for lowering debt within the federal government. b. it primarily relates to money that congress will borrow and pay in the future. c. it is an arbitrary limit that has no relation to the amount of money congress currently owes. d. it can be moved by congress whenever it seems politically necessary.

Explanation:

The text states that the debt - ceiling is a legal limit set by Congress on public debt, but Congress regularly raises it when the debt threatens to overtake it, indicating it's adjusted based on political needs.

Answer:

D. It can be moved by Congress whenever it seems politically necessary.