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:
“Its idea of “production value” is spending a million dollars dressing up a story that any good writer would throw away. Its vision of the rewarding movie is a vehicle for some glamour-puss with two expressions and eighteen changes of costume, or for some male idol of the muddled millions with a permanent hangover, six worn-out acting tricks, the build of a lifeguard, and the mentality of a chicken-strangler.”
—Raymond Chandler (1888–1959)