At this point, spending isn't the only problem, either. We need to increase revenues.
It's thought that the IRS foregoes collecting hundreds of billions of dollars each year[0]. That's a significant chunk of the Federal government's discretionary spending each budget cycle.
People who say they want to run the government like a business seem to ignore the fact that no business has ever remained financially sound without steady revenues. It simply cannot be done.
It's thought that the IRS foregoes collecting hundreds of billions of dollars each year[0]. That's a significant chunk of the Federal government's discretionary spending each budget cycle.
People who say they want to run the government like a business seem to ignore the fact that no business has ever remained financially sound without steady revenues. It simply cannot be done.
[0]https://www.pgpf.org/article/the-united-states-forgoes-hundr...