alt Hacker NewsTax dollars really don't pay for things in the US Federal Government.
Deficit spending leading to an ever rising debt is the source of continued spending. When Debt/GDP grows, we're spending ever more money that we don't have.
Total Debt:
https://fred.stlouisfed.org/series/GFDEBTN
Total Debt/GDP
Replies
m348e912 • today at 2:52 AM
You're not wrong, but exorbitant deficit spending has its own dire consequences. (eventually) Not that I am telling you anything you don't already know.
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Then why have tax at all?
Answer to that is indeed this is tax expenditure.
Although rounding error compared to the war.