Birdwatch Note Rating
2024-11-26 15:56:34 UTC - NOT_HELPFUL
Rated by Participant: 079667432B93C459EA84358D73707DBF45FA65ED8BE5DC7CADA707B905C12F4F
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Original Note:
The US government is not funded by revenue in and of itself. The US government is most accurately described as self-funding. It needs a certain amount of revenue not so that it can repurpose that revenue as spending, but so that its dollars spent have value. https://www.levyinstitute.org/publications/can-taxes-and-bonds-finance-government-spending
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