"The government shouldn't borrow so much, your uncle claims. "Look at that national debt! It's no different from someone borrowing on credit cards they can't pay" a. Is your uncle right? O He is right in the sense that when the government spends more than it brings in, it should not borrow to fund the rest. O He is right in the sense that the government can never pay its debt. He is right in the sense that when the government spends more than it brings in, it must borrow to fund the rest. He is right in the sense that the government uses credit cards for its purchases. b. How is government debt spending different from someone borrowing on a credit card? Instructions: You may select more than one answer. Click the box with a check mark for correct answers, and click to empty the box for the wrong answers The government has an almost unlimited capacity to borrow by issuing Treasury bonds. Some borrowing is intragovernmental borrowing, in which the government uses money from other accounts. The government has a limited capacity to borrow by issuing Treasury bonds. Most borrowing is intragovernmental borrowing, in which the government uses money from the states and municipalities