Deficit Spending and What It Means

Deficit spending is when a government’s expenditures are higher than the government’s income. National debt will increase while the country is running a deficit. Media portrayal and consensus of national debt and the national deficit is negative. Many politicians make a reduction in the national debt one of their platforms while also promising to increase benefits and lower taxes. The economics of that platform appear very hard to prove. While deficit spending has its drawbacks, it is unfortunate that the deficit is portrayed so bleakly. Deficit spending is not inherently bad because it is a…