What was the name given to the government practice of borrowing money to spend more than is collected in taxes

History

2 answers:

Kay [80]3 years ago

6 0

The key word to answer this question would be ''deficit spending''.

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Mamont248 [21]3 years ago

5 0

deficient spending is your answer

Deficient spending is when the government spends more than they earn (through taxes, bonds, etc.). This leads to a term called "national debt"

hope this helps

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