The national debt and federal deficits: a. Represents the federal government is spending more than they are receiving in tax revenues b. Represents the federal government and state governments sustaining their spending by borrowing c. The National Debt is limited by the Debt Ceiling as provided by the U.S. Congress. d. Federal deficits represent capital outlays being made by the federal government

2. Federal government deficits a. Has diminished during the Presidency of President Trump b. Were over $1 trillion in each year of President Obama's Presidency c. Were eliminated during the Presidency of President George W. Bush because of tax increases d. Did not occur for all years during President Clinton's Presidency.