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The federal budget is higher than tax revenue. It has been this way for decades with few exceptions. If taxes dont cover the budget then the budget should be
by tastyfreeze 5y ago
The federal budget is higher than tax revenue. It has been this way for decades with few exceptions. If taxes dont cover the budget then the budget should be cut to fit revenue. But, that isnt what has been happening. The budget grows every year and the govenment borrows more money to cover it instead of cutting the budget or raising taxes.
We are running the government on maxed out credit. But dont worry, congress will just increase the credit limit so we can borrrow more.
The real solutions are political suicide. So, we will get the most shitty option of borrowing and printing more money.