information:filtering, structural:expansion
Crowding out from government borrowing

One channel of crowding out is a reduction in private investment and accumulation of real resources that occurs because of an increase in government spending. Increased government spending results in a shift in the distribution of real resources produced within an economy, away from private use and to public use. This "crowding out" of real investment of capital stock and other resources reduces what is available to the private sector. However, this is assuming that the resource acquisition for the public purpose is non-productive in the long run. There is some controversy in modern macroeconomics on the subject, as different schools of economic thought differ on how households and financial markets would react to more government borrowing under various circumstances.