Recent Examples of deficit spending from the Web
The vote also reflects the changing politics of deficit spending.
Late Thursday, the tea party leader and Kentucky Republican put the brakes on the bill in protest over Congress’ sudden willingness to embrace big deficit spending.
Conservative Republicans protested deficit spending, and Democrats decried the lack of action to protect young immigrants known as Dreamers from deportation.
Well, a Senate vote on the bill was delayed, the Washington Post’s Mike DeBonis and Erica Werner report, due to the protests of Republican Sen. Rand Paul of Kentucky, who found fault with the $320 billion in increased deficit spending in the plan.
But the massive cuts, which cost $1.5 trillion for a party that once pretended to care about deficit spending, are enormously skewed to the wealthiest Americans and to corporations, who will see their tax rates plummet from 35 percent to 21 percent.
Legislation to increase the debt ceiling is always a headache, especially for House GOP leaders whose rank and file have in the past used the votes to register objection to deficit spending.
Those figures do not include any potential deficit spending from an infrastructure bill, which the White House hopes to push Congress to approve this year.
To get its finances back on track after multiple years of deficit spending, the board adopted a policy to require a 3 percent surplus each year, with a goal of achieving a fund balance of 33 percent by 2028, Cauffman said.
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.
First Known Use of deficit spending
Financial Definition of DEFICIT SPENDING
What It Is
How It Works
Fiscal deficits occur when a government's expenditures exceed its revenue. A government usually borrows money (by issuing Treasury securities or similar instruments) to fill the gap or "fund the deficit."
Trade deficits (also called current account deficits) occur when a country imports more than it exports.
Why It Matters
Deficit spending is controversial. The famous economist John Maynard Keynes argued that it stimulated economies by giving governments the money to purchase goods and services and were thus particularly useful for getting countries out of recessions. However, many scholars also argue that governments should not engage in deficit spending regularly because the mountain of debt they create makes for unsustainable economies in the long run.
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