Congressional supporters of Ukraine say they won’t give up after a bill to keep the federal government open excluded President Joe Biden’s request for more security assistance for the war-torn nation.
At the federal level, taxes don’t pay for anything. They literally used to be burned when we still collected actual dollars. These days a number in a digital ledger gets set to 0. Taxes are the primary anti-inflationary device that government has to maintain inflation.
Deficits don’t cause inflation, if they did Japan would be in hyper-inflation because of the massive deficits they have been running for 30 years. Instead they are barely able to hold off deflation of the Yen.
At the federal level, taxes don’t pay for anything. They literally used to be burned when we still collected actual dollars. These days a number in a digital ledger gets set to 0. Taxes are the primary anti-inflationary device that government has to maintain inflation.
Deficits don’t cause inflation, if they did Japan would be in hyper-inflation because of the massive deficits they have been running for 30 years. Instead they are barely able to hold off deflation of the Yen.