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Yup, but whats the goal here? To reduce debt to 0 and use taxes to directly fund governments? Is it believed that this will lead to a lower tax burden for all?
by spacecadet 2y ago
Yup, but whats the goal here? To reduce debt to 0 and use taxes to directly fund governments? Is it believed that this will lead to a lower tax burden for all? Has this been achieved by any modern country?
- fuzzfactor 2y agoUnder President Clinton 25 years ago there was a budget surplus.
- zztop44 2y agoYes and that was either because the Clinton administration decided that shrinking the money supply was the right macroeconomic policy, or that they decided that a Democrat president delivering a budget surplus was good politics. At the time both were plausible.