Take the following as truth: If reducing federal debt held by the public is not an option, as discussed in text box 4.2, investing in nonfederal financial assets on behalf of the Social Security trust fund could be another way for government saving to provide resources for private investment.
Then the following statement: "The first option of reducing publicly held federal debt is what most administrations would prefer." is true, false, or inconclusive?
Answer: Inconclusive