deficit spending

noun

Definition of deficit spending

: the spending of public funds raised by borrowing rather than by taxation

Examples of deficit spending in a Sentence

Recent Examples on the Web With falling sales and tax revenue, a legal prohibition against deficit spending and no help from Washington, states may soon have little choice but to cut into those two foundational services. Editorial Board Star Tribune, Star Tribune, "Stalemates over COVID relief, bonding continue in D.C., St. Paul," 11 Sep. 2020 And inflation - one of the principal concerns about higher deficit spending - largely has remained in check. Jeff Stein, Anchorage Daily News, "U.S. government debt will nearly equal size of economy for first time since World War II, CBO finds," 3 Sep. 2020 Budget watchdog groups have said that federal assistance is warranted but have also warned about the future consequences of so much deficit spending. Maureen Groppe, USA TODAY, "Congressional Budget Office: Federal debt will exceed size of entire US economy next year," 2 Sep. 2020 German Chancellor Angela Merkel’s ruling bloc backed plans allowing for extraordinary deficit spending next year as the coronavirus continues to batter the country’s economy. Arne Delfs, Bloomberg.com, "Merkel’s Party Backs Plan for Extra Deficit Spending Next Year," 1 Sep. 2020 Once Trump is no longer the candidate, Republicans will resume arguments over trade, immigration, deficit spending, criminal sentencing, and foreign policy that have largely been paused during his administration. W. James Antle Iii, Washington Examiner, "'Divisive' Trump gets Republicans to paper over differences," 26 Aug. 2020 McAdams said in his speech that some deficit spending currently is needed to help the economy survive the pandemic, but that it should be focused tightly on what families and businesses need to survive. Lee Davidson, The Salt Lake Tribune, "On COVID aid, Democrat Ben McAdams praises Mitt Romney — and declines to criticize Trump," 10 Aug. 2020 But a group of over 150 economists thinks such deficit spending is a great investment. Bernhard Warner, Fortune, "‘Crazy’ bull market: Why a warning shot about China’s bull run is spooking global investors," 10 July 2020 However, some White House officials and congressional Republicans are reportedly wary of the idea—particularly given the significant amount of deficit spending already undertaken by the government via its coronavirus stimulus measures. Rey Mashayekhi, Fortune, "Stimulus round 2: Trump floats more checks and Senator proposes ‘vacation voucher’," 23 June 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'deficit spending.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of deficit spending

1938, in the meaning defined above

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Time Traveler for deficit spending

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The first known use of deficit spending was in 1938

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Statistics for deficit spending

Last Updated

18 Sep 2020

Cite this Entry

“Deficit spending.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deficit%20spending. Accessed 25 Sep. 2020.

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