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Except the government spending isn’t really connected to taxation. The government spends what it spends and collects taxes for what it levy’s taxes for. It bo
by frumper 3y ago
Except the government spending isn’t really connected to taxation. The government spends what it spends and collects taxes for what it levy’s taxes for. It borrows any shortfalls without much afterthought. For any working age adults alive, it’s been very rare we’ve not run a federal deficit.