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I cant wait to pay for that with my tax dollars.
by ProAm 5mo ago
I cant wait to pay for that with my tax dollars.
- testfoobar 5mo agoTax dollars really don't pay for things in the US Federal Government. Deficit spending leading to an ever rising debt is the source of continued spending. When Debt/GDP grows, we're spending ever more money that we don't have. Total Debt: https://fred.stlouisfed.org/series/GFDEBTN https://fred.stlouisfed.org/series/GFDEBTN Total Debt/GDP https://fred.stlouisfed.org/series/GFDEGDQ188S https://fred.stlouisfed.org/series/GFDEGDQ188S
- m348e912 5mo agoYou're not wrong, but exorbitant deficit spending has its own dire consequences. (eventually) Not that I am telling you anything you don't already know.
- zzleeper 5mo agoWhat if we just inflate away the debt? Sure, ppl will hate dealing with very high inflation for a few years, and pensioners and whoever buys those trillions of debt will get screwed, but besides that we should be ok? /s
- dnnddidiej 5mo agoThen why have tax at all? Answer to that is indeed this is tax expenditure. Although rounding error compared to the war.