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:
“The city is always recruited from the country. The men in cities who are the centres of energy, the driving-wheels of trade, politics or practical arts, and the women of beauty and genius, are the children or grandchildren of farmers, and are spending the energies which their fathers’ hardy, silent life accumulated in frosty furrows in poverty, necessity and darkness.”
—Ralph Waldo Emerson (1803–1882)