answersLogoWhite

0


Best Answer

There is no constitutional limit on the size of the national debt. Congress establishes a limit above which the debt cannot go. However, it periodically raises this limit as the need for more spending arises.

User Avatar

Wiki User

βˆ™ 15y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

βˆ™ 15y ago

Yes. But congress changes the limit whenever it wants to ... so the real answer is no.

This answer is:
User Avatar

User Avatar

Wiki User

βˆ™ 12y ago

no

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is there a constitutional limit to the size of the national debt?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is there a limit to the size of the national debt that a country can have?

simply no


After the french and Indian war the british government was alarmed by the?

size of the national debt


Why should the size of the national debt be a concern to all Americans?

Because we pay for it


After the french and Indian war the british government was alarmed by the size of the national debt?

true


Delta Air Lines what is the limit size of carry on bag?

limit size of bag


What actions did Thomas Jefferson take lower the National debt?

Jefferson streamlined government and increased sales of federal land


How does osmosis and diffusion limit the size of a cell?

diffusion and osmosis limit the size of a cell by how fast is can move


What is the size limit for a beagle to be a show dog?

the size limit to ab beagle show dog is 15 in or under


Is there a size limit on eBay?

no


What was the effect of the national debt?

The size of the US's national debt is a vital piece of the economical health of not only the USA but of all nations participating in world trade and economics. I'll focus on the USA's national debt. Generally speaking a small national debt helps the USA's economy in a few ways. Based on the USA's position in the world as a major player in world economics and yes, it's military strength, a small national debt means that taxes in the USA, whether income taxes or other Federal taxes, need not be raised to pay the principal and interest of the national debt. Another positive feature of a small national debt is that the USA can issue bonds on the free market to raise money in a smooth manner as the small debt is one indicator that the USA's finances are in good order. This also directly affects the amount of interest that Government bonds need to pay the buyers of Government bonds. The USA's ability to help the economies of other nations is enhanced when the USA can borrow funds to help their economies. Thus, the amount of foreign aid the USA can lend or grant to other nations for good reasons not frivolous ones, is increased.


What is a abiotic feature that people limit the population size?

the thing people limit the size is land, water, food, and climate.


A cell grows in size until it reaches what?

Their size limit