Does the Government have unlimited money?

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This is a real question because people complain about our debt but the government spends a lot of money.

In: Economics

4 Answers

Anonymous 0 Comments

In the sense that you’re probably asking: No.

Any given department or organization or “subdivision” of the US Government has a fixed -budget- that they have to live within. Example: Congress has been cutting the budget of the IRS for years now, so they are **17,000** agents below their peak. They’re behind on processing 2019 returns, they’re behind on 2020 returns, and they have the smallest enforcement staff they’ve had in a long time.

Why don’t they just hire more people? NO BUDGET. Congress won’t give them the money.

Same thing applies to -almost- everything. Department of Defense, Postal Service, you name it, they can’t spend money they haven’t been given.

That’s not “unlimited money”.

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