Question

In one or two sentences, explain how a government pays for expenses that are more than its revenues.

Answer 1

It is also possible to add that governments pay for their expenses by borrowing money from a wide diversity of people, both domestically and internationally, known as "the public," as well as from local governments and domestic investors, among others.

Step-by-step explanation:

Answer 2

In most years, the federal government spends more money than it takes in from tax revenues. To make up the difference, the Treasury borrows money by issuing bonds. Anyone can buy Treasury bonds, and, in effect, lend money to the Treasury by doing so.

Step-by-step explanation: