That doesn’t make sense though. We wouldn’t be ~31T in debt if that was the case.
Discussion
Unless you’re saying *at some point* the only way to pay that off is through tax, then I guess.
Up until now they’ve funded it just by rolling over debt. Let’s see how long that can last at current interest levels though.
It makes total sense.
I didn’t say taxes pay for all of the government spending. I said it pays for the mandatory and military spending. The discretionary spending is funded via deficit, which is why we are in debt