Taxing, Borrowing, and Printing: Three Ways Americans Are Robbed By Government
Posted by freedomforall 1 day, 3 hours ago to Government
Excerpt:
"Government is expensive, and America is running up the bill to the tune of $40 trillion. Every April, Americans are reminded of this basic truth. On April 15, the IRS forces citizens to confront what the government takes directly from their income. But taxation is only one way Washington finances itself. It also borrows on a massive scale and operates within an inflationary monetary environment that quietly erodes the purchasing power of the dollar. To understand America’s public finances and the broader health, or malaise, of the republic, one must look at taxes, borrowing, and inflation."
"Government is expensive, and America is running up the bill to the tune of $40 trillion. Every April, Americans are reminded of this basic truth. On April 15, the IRS forces citizens to confront what the government takes directly from their income. But taxation is only one way Washington finances itself. It also borrows on a massive scale and operates within an inflationary monetary environment that quietly erodes the purchasing power of the dollar. To understand America’s public finances and the broader health, or malaise, of the republic, one must look at taxes, borrowing, and inflation."
All Comments
- 1Posted by mccannon01 13 hours, 40 minutes agoSummed up at the end of the article it would seem the fiscal policy we are strapped down with isn't keeping the republic very well. Get on with life, but be prepared.| Permalink
