Replying to Avatar WBTM

Governments aren't really funded by taxes; that's just an illusion.

The math is clear. The U.S. government mainly gets its money by issuing #bonds or #treasuries, mostly bought by the Fed, which can print money to buy them without producing anything.

Taxes make it seem like we're funding the government, but the real cash comes from borrowing and printing.

#NayibBukele said it clearly: this keeps the system going while hiding the truth about where the money really comes from.

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Bitcoin Eoin 🇮🇪 1y ago

They only turn to the bond market when tax revenues are insufficient. It's not correct to say that the US government mainly gets its money by issuing bonds or treasuries.

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WBTM 1y ago

Is my understanding that TAX collection is not sufficient for their actual spending the typically run in deficits that’s why the normally turn to the bond market. Do you have data to back your take? We can certainly learn from you 🤓🙏

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Bitcoin Eoin 🇮🇪 1y ago

Every year their tax collection is insufficient. That is correct. The spending by the US government is out of control and it is increasingly being financed by the federal reserve each year.