If a budget deficit is the result of expenditures for programs such as farm subsidies and Social Security,the burden on future generations is slight.

Expenditures

Refers to the amount of money spent by either an individual, business, or government on goods and services.

Budget Deficit

The financial situation in which government expenditures exceed revenues.

Social Security

A government program that provides financial assistance to people with inadequate or no income, especially the elderly, disabled, and families with dependent children.