of the Constitution states that the Congress has the power to borrow money on credit of the country. What does

0 ⤊

of the Constitution states that the Congress has the power to borrow money on credit of the country. What does

What does this in effect permit?

is it Deficit spending

Surplus spending

Lending money to other countries

An annual balanced budget

2007-01-22 04:53:02 · 4 answers · asked by Bankai Fox Spirit 1 in Politics & Government ➔ Government

4 answers

The constitution states no such thing. It does however give Congress authority over fiscal issues, borrowing falls in that category.

Borrowing money in order to spend would become Deficit spending.

2007-01-22 05:02:35 · answer #1 · answered by r1b1c* 7 · 0⤊ 0⤋

Eventually collapse.

2007-01-22 04:55:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Our fabulous deficit.

2007-01-22 05:00:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋

Getting homework done this way does NOT help you one bit. Open the darn schoolbook & LEARN!

2016-05-24 18:01:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋