reply on: U.S. Treasury Cash Surge \ stacker news ~econ

Surplus means taxes are coming in faster than Congress can spend it.

Deficits and surplus don’t matter. What matters is total expenditures or budget.

Biden latest proposal is 8 trillion dollars budget for the next fiscal year

8 trillion is evil regardless of deficit or surplus

I don't think so. If they spent just as much but were running a surplus because taxes were so high, that would be worse.

I agree though, that most of the time it's a distraction and spending is more important.

Good point about surplus and high taxation.

Spending is the key metric because taxation is what governments spend not what it collects.

I wish people would stop talking about balancing the budget. We can “balance” the budget with high taxes but that trade off is unacceptable

I think it was Ron Paul who said “Spending is the tax.”

And Milton Friedman

Adam Smith and Frederic Bastiat probably said it too.

I don’t think Smith would have said that, but the other two might have.