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Taxes could also be raised. Government expenditure in the USA isn't unreasonable in itself, being lower than most other liberal democracies and even the levels
by retrac 5y ago
Taxes could also be raised.
Government expenditure in the USA isn't unreasonable in itself, being lower than most other liberal democracies and even the levels in the USA in prior decades.
Either jacking up taxes or cutting government spending by like 20% total in the middle of such an economically precarious time seems far too risky, anyway. Times like these are what deficits are for! It's a shame the country was in a bull economy and yet still entered the pandemic already fiscally stretched to breaking point.