Overspending

The term overspending is also used for investment projects when payments exceed actual calculated cost.

[5] In April 2008, consumer debt in the USA, excluding mortgages, reached a total of $2.56 trillion—over $8,000 per person.

When the treasury ran short, it was most often replenished by proscription and expropriation of the wealth of rich citizens.

The overspending which depleted the treasury was largely due to attempts to buy popularity by means of handouts, gifts and lavish entertainments.

[6] Democratic governments commonly overspend due to political pressure and their high level of creditworthiness which enables them to borrow large sums.