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?
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“I have been spending my first night in an American “summer hotel,” and I despair of the Republic! Such dreariness, such whining callow women, such utter absence of the amenities, such crass food, crass manners, crass landscape!... What a horror it is for a whole nation to be developing without a sense of beauty, and eating bananas for breakfast.”
—Edith Wharton (1862–1937)