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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.
I'm not sure why you're getting down voted for stating a fact: money has to be created through direct spending or back stopping the creation of money by private banks via the reserve system before it can be taxed away.
You can't tax back something that doesn't exist yet.
Just because it's not "our tax dollars" doesn't mean is isn't OUR public money.
It’s just that this argument, based on things that are not facts since the 70s, is used to cut social programs, investment in education, infrastructure etc.
When it makes no sense. The gvmt is not gonna go broke from paying its programs. It prints its own money, and all its debt is denominated in dollars.
We SHOULD cut military spending, subsidies to harmful industries, to private prisons, police forces etc. The way the money is spent SHOULD reflect the will of the people more.
But this argument about “revenue” and “public debt” are literally from the mouths of establishment neoliberal ghouls who have no objective other than enriching their friends. It’s not reality and is only used for harm.