Deficit spending is the amount by which a government, private company, or individual's spending exceeds income over a particular period of time, also called simply "deficit", or "budget deficit", the opposite of budget surplus.
Government deficit spending is a central point of controversy in economics, as discussed below.
Read more about Deficit Spending: Controversy, Government Deficits, Government Deficits: Good or Bad?
Famous quotes containing the word spending:
“Something magical happens when parents turn into grandparents. Their attitude changes from “money-doesn’t-grow-on-trees” to spending it like it does.”
—Paula Linden (20th century)