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Federal Finance | THE FEDERAL GOVERNMENT DOESN'T BORROW OUR SAVINGS IN ORDER TO RUN A DEFICIT. IT RUNS A DEFICIT SO THAT WE CAN HAVE SAVINGS | image tagged in blank white template | made w/ Imgflip meme maker
212 views 5 upvotes Made by BurghMark21 3 years ago in politics
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2 Comments
0 ups, 3y,
1 reply
You're overlooking the operative words - "OUR SAVINGS".
0 ups, 3y
How so? Maybe it will have more meaning to you when you understand that a Federal deficit is just the difference between all of the new dollars spent into the economy and the number of dollars removed from the money supply by Federal taxation in one fiscal year. The so-called "deficit" are the dollars that remain in the economy (money supply) and circulate for our benefit and use.

In short, when politicians and paid pundits moan to "reduce the deficit," knowingly or not, they are trying to reduce everyone's income.
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THE FEDERAL GOVERNMENT DOESN'T BORROW OUR SAVINGS IN ORDER TO RUN A DEFICIT. IT RUNS A DEFICIT SO THAT WE CAN HAVE SAVINGS