2 ms·
That simply isn't true. Government spending far outstrips the deficit. It collects 4 trillion and spends 5.
by s1artibartfast 2y ago
That simply isn't true. Government spending far outstrips the deficit. It collects 4 trillion and spends 5.
- ffgjgf1 2y agoWhy? Isn’t that just where inflation is coming from? Of course it’s toned down by growth in productivity, investment, savings etc.
- s1artibartfast 2y agoyes, that is where some inflation comes from. That doesn't mean the government is entirely self funded and tax revenue is not used for programs.
- aeternum 2y agoAnd thus the inflation. In the 90s the US gov had a surplus. Disappointing to see the GP comment downvoted as it is correct. Spending more than we tax will inflate the USD money supply.