Where does the Federal government get the money to bail out everyone, foreign wars, foreign
aid, ss, medicare, medicaid etc?
Taxes? That is political suicide because you’ll vote them out of office if taxes got high enough. Plus even if 90% of taxes went to government coffers that won’t fund everything.
Debt? You’re getting warmer. Congress has already raised the federal governments debt ceiling to around $9 trillion. The central bank will monetize a chunk
to funnel to the bankers trough their open market operations. The very source of todays housing bust and persistent inflation.
The system is automatically programmed to increase the national debt, taxes, and inflation. All that is needed is for us to remain stupid.
A reasonable question–
How can the economy produce jobs without adding to the national debt, taxes, and inflation?
