100% of our tax revenue goes to welfare. All other spending is deficit financed.... | Hacker News

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		polski-g 6 months ago \| parent \| context \| favorite \| on: James Webb, Hubble space telescopes face reduction... 100% of our tax revenue goes to welfare. All other spending is deficit financed. Politicians are limited in what they can cut.

hydrogen7800 6 months ago [–]

Money is fungible. How can you assign some expenditures to revenue, and others to debt?

polski-g 6 months ago | [–]

Sure. "We have no money is why."

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