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[–] 3 points 2 years ago (1 child)

Russia's military budget in 2019 was $65 billion. It's a waste of money that's only practical because the US is literally swimming in taxpayer money (mostly because the US doesn't invest in itself, but that's another issue).

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  • [–] 1 point 2 years ago*

    At the federal level, taxes don't pay for anything. They literally used to be burned when we still collected actual dollars. These days a number in a digital ledger gets set to 0. Taxes are the primary anti-inflationary device that government has to maintain inflation.

    Deficits don't cause inflation, if they did Japan would be in hyper-inflation because of the massive deficits they have been running for 30 years. Instead they are barely able to hold off deflation of the Yen.

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