Re:One way to fight a coronavirus recession: $1k for every A...
by oat_bravo_nap on Wednesday March 18, 2020 @03:58PM
(#22620630)
It does not matter how much money the US government takes in taxes. They will continue to spend more than that causing a deficit. For example if tax revenues increased by 500 bln, that could be used to decrease the deficit by 500 bln if spending was not increased. However, what would happen is that the government would increase spending by say 1 trillion so the deficit would continue to grow despite higher tax revenue.
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