Spending Deficits

Catalan — Thu, 03 Dec 2009 03:34:29 GMT

If the government is spending at a deficit it means they are borrowing money. All government expenditure must originate from tax money. If they borrow money, it just means that you will be taxed in the future. That's why people are so worried that the national debt is going to get out of hand. Either we will be stuck paying for it for a very long time, or the United States will go bankrupt.

Novus Zarathustra's Comments

Spending Deficits