Barrhaven denizen

  • 2 Posts
  • 2 Comments
Joined 2 years ago
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Cake day: June 10th, 2023

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  • It didn’t cost “us” anything. Citizens aren’t respsible for the Fed govt’s spending, deficit, or debt. Private individuals and companies don’t pay it. Taxes never need to be raised to run surpluses to “pay off the debt”.

    The money spent on elections or anything else is received by private individuals and firms, and they go on to spend it on other things. Some of it is returned in taxes.

    If the govt were to run austere spending and high taxes, producing enough surpluses to pay off the debt…how much money would remain in private hands? ZERO!

    Something to keep in mind any time someone complains about how expensive elections or other useful govt spending is.