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Earn +20 ptsQ: A method of loaning money to the government to pay for war?
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Continue Learning about American Government
When government pay out more money than it is taking in it is called?
A deficit
Why did congress lack the money it needed to pay off the government's war debt?
Congress lacked the money it needed to pay off the government's war debt because of an unbalanced budget. Congress can continue to pay for or extend a war without actually having the money to directly fund it.
How did the government pay for the war efforts?
The government raised taxes higher and borrowed money from banks and others to get the rest.
What level of government uses money collected from taxes to pay for fire and police protection?
Usually local government.
How does government pay for the goods and services that it provides to the public?
If you mean who pays for the government, then it is the taxpayers money. All the money that you pay in government fees, road tolls, rates and taxes all go to the government.
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