The way it is if you take the average of tax revenues vs borrowing as cash inflows it is 79% of cash inflows is taxes and 21% of inflows is "borrowing". The peak borrowing was in 2009 where 55% of federal cash inflows was borrowing was after the 2008 "financial crisis" , while in the early 2000s borrowing were near zero.
Either way it is a tax, borrowing is a hidden tax as are tariffs as the result is increasing the cash supply diluting the US dollar and reducing its buying power and driving inflation as has been the case since 1933.
However, a privately owned entity should never. be in control of borrowing and should be controlled by we the people and the elected government. Ideally the department of the Treasury and not "Musk and his cronies" or any other private group.
As DOGE unearths trillions (!) in fraud and corruption, the privacy destroying and intrusive IRS could concievably be replaced by "borrowing" only as a cash inflow. Just like in business it is perfectly acceptable to borrow more if the cash borrowed is invested in accretive earnings activities.
For example economic unions with Greenland and Canada and Mexico that are mutually benenficial to all involved is an example of accretive investing. I do not advocate for violations of sovereignty (51st state etc) but for example having a single currency is an example of an approach that benefits all sides where a better currency for one side and better access to valuable resources to the other side.
The current tax revenues and borrowing are predicated on Big Government which is nothing more than a giant grifting operation; therefore, when you shrink government such that it is only upholding the Constitution all of your cited %ages and data become instantly moot, and the small government requires absolutely no "income" taxes and radically less borrowing, at which point you can run the numbers and realize that the current model of thievery is unrelated to the requisite funding of a Constitutional Republic.
In terms of currency, a small government may only concern itself with the currency of its own nation, and not Mexico, Canada or any other sovereign.
As soon as the illegitimate Federal government is reigned in by 80%+, the need for "income" taxes disappears overnight, and budgets become easy to balance.
Of course, the Uniparty Marxists want gov to continue metastasizing, along with taxes and borrowing and debt....
Definitely need a smaller government, but the current process appears a little too close to what Curtis Yarvin pushes. What is going on may be why Trump told Christians to get out and vote, won’t have to vote again, it will all be fixed.
Michael Anton who has a significant spot in the trump admin, both rounds appears to be fond of Yarvin’s ideals.
Then who replaces it? Will cash then be replaced by digital stablecoins pumped out by Musk and his cronies?
There are several states that don't have state taxes, and they survive because it comes from other means.
States must stop taking Federal funds to be truly free.
The government should be seen, not heard. CONgress should meet once a year.
It never ends…
The way it is if you take the average of tax revenues vs borrowing as cash inflows it is 79% of cash inflows is taxes and 21% of inflows is "borrowing". The peak borrowing was in 2009 where 55% of federal cash inflows was borrowing was after the 2008 "financial crisis" , while in the early 2000s borrowing were near zero.
Either way it is a tax, borrowing is a hidden tax as are tariffs as the result is increasing the cash supply diluting the US dollar and reducing its buying power and driving inflation as has been the case since 1933.
However, a privately owned entity should never. be in control of borrowing and should be controlled by we the people and the elected government. Ideally the department of the Treasury and not "Musk and his cronies" or any other private group.
As DOGE unearths trillions (!) in fraud and corruption, the privacy destroying and intrusive IRS could concievably be replaced by "borrowing" only as a cash inflow. Just like in business it is perfectly acceptable to borrow more if the cash borrowed is invested in accretive earnings activities.
For example economic unions with Greenland and Canada and Mexico that are mutually benenficial to all involved is an example of accretive investing. I do not advocate for violations of sovereignty (51st state etc) but for example having a single currency is an example of an approach that benefits all sides where a better currency for one side and better access to valuable resources to the other side.
The current tax revenues and borrowing are predicated on Big Government which is nothing more than a giant grifting operation; therefore, when you shrink government such that it is only upholding the Constitution all of your cited %ages and data become instantly moot, and the small government requires absolutely no "income" taxes and radically less borrowing, at which point you can run the numbers and realize that the current model of thievery is unrelated to the requisite funding of a Constitutional Republic.
In terms of currency, a small government may only concern itself with the currency of its own nation, and not Mexico, Canada or any other sovereign.
As soon as the illegitimate Federal government is reigned in by 80%+, the need for "income" taxes disappears overnight, and budgets become easy to balance.
Of course, the Uniparty Marxists want gov to continue metastasizing, along with taxes and borrowing and debt....
Definitely need a smaller government, but the current process appears a little too close to what Curtis Yarvin pushes. What is going on may be why Trump told Christians to get out and vote, won’t have to vote again, it will all be fixed.
Michael Anton who has a significant spot in the trump admin, both rounds appears to be fond of Yarvin’s ideals.
The history we are living.
10 Feb 2025
Vote conservative, get technocrat
https://open.substack.com/pub/thinkingcoalition/p/vote-conservative-get-technocrat?r=k6gro&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
A conversation about monarchy - by Curtis Yarvin
https://graymirror.substack.com/p/a-conversation-about-monarchy