Budget Deficit — When Spending Exceeds Income | Spectacular Vernacular
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Budget Deficit — When Spending Exceeds Income | Spectacular Vernacular
A budget deficit means you’re spending more than you earn. Definition: a financial shortfall where expenses exceed income. Example: “Cutting discretionary spending helped eliminate the budget deficit.” Learn essential adulting and money terms with Spectacular Vernacular.
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Deficit Spending Explained
Almost 50 years ago, Milton Friedman explained what politicians still try to hide: deficit spending isn't free money—it's just taxation by another name. When the government spends more than it collects, someone has to pay, but who picks up the check? You do. Through inflation—the hidden tax nobody votes for but everyone pays. | Free To Choose Network
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Almost 50 years ago, Milton Friedman explained what politicians still try to hide: deficit spending isn't free money—it's just taxation by another name. When the government spends more than it collects, someone has to pay, but who picks up the check? You do. Through inflation—the hidden tax nobody votes for but everyone pays. | Free To Choose Network
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