Keith Evans
Nov 9, 2021

It is not possible for the federal government to "save" money for any reason. It is destroyed when it runs into the debt that created it. This is why Social Security beneficiaries have to worry about the debt ceiling even though their payroll deductions purchased bonds. Neither taxation nor bonds are "funding" mechanisms and only reduce deficit/debt.

Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

No responses yet