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Which is kind of crazy, if you think about it: The federal budget is coming from taxes. So the deal is that Trump is destroying valuable services of federal institutions and only 20% of the "savings" are getting passed on? While normal people will have to pay for stuff like the weather forecast?
Why do people think the federal budget comes from taxes?
The government prints money, pays for its budget, and THEN it taxes. It can’t wait for tax dollars to pay for the budget. Taxing is to make the dollar necessary and force its flow back to the government.
They mostly “burn” all your tax dollars…
Like the gvmt is not a company. It doesn’t have “obligations” and “revenue”. It fucking PRINTS the money. If any company could print money, they would stop giving a fuck about revenue instantly.
Before currency was even invented, taxes were levied in the form of precious metals, livestock, crop harvests, and other resources. The government can't print a chicken.
In the US, the first issuance of currency happened centuries ago. The government's spending comes from tax revenue (and issuing bonds and other stuff).
That was only true when money had any relation to a physical good like gold.
Fiat money dominates, and it’s not bound by anything.
Like I’m not saying any crazy conspiracy theory. It’s just how the world has worked since Nixon…