Question

Government deficit spending is a good thing because it lowers the amount of taxes that need to be collected.

True
False

Answer 1

[AI-generated answer — Bot GPT 3.5]

False

Government deficit spending occurs when the government spends more money than it collects in revenue through taxes. This can lead to increased national debt and may require higher future taxes to pay off the debt. While deficit spending can sometimes be necessary to stimulate the economy during downturns, it is not generally considered a sustainable long-term strategy for lowering taxes.