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deficit spending

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Deficit spending
When government spending overwhelms government revenue resulting in government borrowing.

deficit spending
Expenditures that are in excess of revenues during a given period of time. Deficit spending is generally applied to governmental units, but the concept is equally applicable to private businesses.

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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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