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Parasites_6102 | 6 months ago (raw) | root | parent | reply | flag +2 
 2.8 trillion is the total tax receipts. Due to inflation tax revenues are gonna rise. https://image.nostr.build/b9a451bcc7b9b4685d8d631c8110781d3a3fef28c726601457652735a16e14b5.jpg
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MAHDOOD | 6 months ago (raw) | root | parent | reply | flag 
 That’s crazy. If they cut on spending they could actually fix the debt problem.
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Parasites_6102 | 6 months ago (raw) | root | parent | reply | flag +4 
 Actually not😂. The rise in tax revenues is not due to growth in the economy but due to inflation running hot.
US wants inflation to run high, so they will keep on increasing their spending, which will boost their GDP numbers and tax revenue collection. By doing so, they will pay back their older debt and keep on issuing newer debt😂
Fuckin ponzi dude.
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MAHDOOD | 6 months ago (raw) | root | parent | reply | flag 
 It’s ok when they do it
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Parasites_6102 | 6 months ago (raw) | root | parent | reply | flag 
 Yup they can do it because dollar is the world’s reserve currency so there is continuous demand for dollars across the globe. Any other country trying to inflate away its debt will eventually hyper inflate its currency.