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deficit spending |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Deficit spending When government spending overwhelms government revenue resulting in government borrowing.
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| By eliminating deficit spending (not to be confused with the ``structural deficit,'' which still exists), not raising taxes and keeping growth in spending modest -- just 1 percent -- he's getting the state into financial shape to make the deep investments in infrastructure that are badly needed. Despite his claim of fiscal conservatism, his predilection for record deficit spending and borrowing continues along a historically high path. The renaissance of deficit spending cannot be laid at the feet of the nation's poor. |
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