We’ll begin with the reminder of a few facts:
> The U.S. federal government is Monetarily Sovereign . It has infinite dollars at its disposal. It never unintentionally can run short of U.S. dollars.
Unlike state and local governments, the federal government is not funded by taxpayers. Rather, it pays all its bills by creating new dollars , ad hoc. Even if the federal government did not collect a single penny in taxes, it still could continue spending as always. There are 37.9 million people living in poverty in the U.S., according to 2021 Census Bureau figures. Congress is […]
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