Evaluate the following statement explaining why it is unlikely that the government will go bankrupt.

True or False: The U.S. government never has to pay off its debt.

False, because the government deficit is always growing.

False, because when government securities mature, the U.S. Treasury will default on its obligations.

True, because when government securities mature, the U.S. Treasury can refinance the debt by issuing new securities.

True, because the government surplus is always growing.