Barrhaven denizen

  • 16 Posts
  • 135 Comments
Joined 3 年前
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Cake day: 2023年6月10日

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  • there’s a big strategic hole in this article.

    The federal govt. spends first, taxes later. So spending isn’t constrained by taxes collected.

    The debt/deficit argument is ONLY used against social spending. When it comes to pro-capital spending, the argument vanishes. $40B for pipelines? $150B in military spending? $80B in annual subsidies to give big investors risk-free bonds to buy? These are also all deficit spending.

    Progessives should avoid reinforcing the debt/deficit spending myth, since it’s only used against progressive spending.




  • 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.