Which of the followings is not true in case of intergenerational burden of public debt?

A. Govt. borrowing can crowdout investment which will reduce future output and wages.

B. Future generations may have to bear the burden of paying off the borrowings.

C. External indebtness does not reduce future standard of living.

D. Issuing bonds may decrease investment and thus make future generation worse off indirectly.

Choose the correct answer from the options given below: