Most U.S.government spending is financed by

A) an expansion of the money supply.
B) taxes.
C) government securities.
D) transfer payments.
E) loans from foreign countries.

Government Spending

Expenditures made by the government sector on goods and services, including infrastructure, education, and defense.

Taxes

Essential monetary obligations or assorted forms of taxes imposed on individuals by government organizations, designed to facilitate government budgeting and various public expenditure.