Right, and deficit spending proves my point. The government spends money that doesn’t exist. They don’t collect taxes in April, count it all up, see how much they’ve got, then work out the deficit, then create that much extra money. They spend what they want/need to spend, then remove excess from the economy with taxes.
We’ve been deficit spending most of my life. That money, and then some, is going back into the economy.
What it does is make the middle class poorer and whoever the government gives it to richer.
Right, and deficit spending proves my point. The government spends money that doesn’t exist. They don’t collect taxes in April, count it all up, see how much they’ve got, then work out the deficit, then create that much extra money. They spend what they want/need to spend, then remove excess from the economy with taxes.