Common sense spending. Does it exist?

Daily, I am hearing reports that make it seem as if we are all living in the Twilight Zone.

If jobs are lost, who are contributing to the tax rolls to pay for government salaries and expenditures?

Well, if private businesses are doing a robust business, their payroll taxes and business taxes go to the government to pay salaries and other government projects.

Then, we can conclude that without private businesses, the government will have little money coming in to make payroll and other government projects UNLESS Government increases taxes on those who are making money and meeting payroll.

It begs the question: Why would the government increase its workers and payroll during a time when money from businesses is scarce?

Otherwise put, if your income decreased from available income producing sources, do you increase your expenditures that go beyond your income? Do you maintain your budget spending based upon an insufficient amount of money to cover the budget?

I do not think so!

Can you print the money you do not have to cover your expenses? No.

Can the government print money it does not have? Yes, and the government does. It does so by borrowing money in the form of Bonds or Treasury Bill set at various interest rates to lenders.

Who are these lenders? Foreign government like Japan and China.

Who pays the interest on these investment instruments? United States Tax Payers.

So, why would you want your government to go deep in debt so that you must cough up the taxes to repay them for lending the US government money?

Government spending can never be good when it results in a heavy tax burden on its citizens.

If you got more money in tax refunds than the taxes you paid, where did that money come from? Answer: Other people paying taxes, Japan, China and who knows who else.

Local and Federal governments can no longer thrive upon the excess taxation upon it citizens.

If we as individuals must remain within our budgets, what makes government, local or federal, exempt?