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no money

no money | "THEY DID IT! THEY FINALLY DID IT!"; "CONGRESS BALANCED THE FEDERAL BUDGET." | image tagged in no money | made w/ Imgflip meme maker
1,812 views 1 upvote Made by BurghMark21 6 years ago in fun
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3 Comments
0 ups, 6y,
1 reply
They did? This is news to me.
0 ups, 6y,
1 reply
I pray they do not. A Federal deficit is a difference between the dollars spent into the economy by the Govt less the dollars removed by federal taxation in a given year. Typically, the Govt leaves more dollars in the economy that it removes. On a balance sheet, as the issuer of the dollar, the Govt is in "deficit." But, the dollars left in the economy become the "surplus," or profit, of the economy. IOW, if $100 is spent into the economy in a year and taxes out $70, the $30 is being saved somewhere in the economy. A Federal balanced budget would mean that $100 dollars were spent into the economy and at the end of the year, $100 was taxed out. That leaves $0 dollars for the use of those in the economy. That's why the guy with the empty wallet in the meme is crying. BTW, in the US, 7 times the Federal Govt has been in surplus or balanced in its history. Each of those times was shortly followed by a great recession and depression. The economy runs on dollars, and cannot sustain itself without them.
0 ups, 6y
Oh, I get it. Funny ;^D
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"THEY DID IT! THEY FINALLY DID IT!"; "CONGRESS BALANCED THE FEDERAL BUDGET."