> but being fueled by massively excessive taxes in the USA
I think it's even worse, it's funded a lot more by debt than excessive taxes, taxation in the USA is not even that excessive (to its own detriment since the budget is never balanced).
> but being fueled by massively excessive taxes in the USA
I think it's even worse, it's funded a lot more by debt than excessive taxes, taxation in the USA is not even that excessive (to its own detriment since the budget is never balanced).
> since the budget is never balanced
When the Republicans rule.
The last balanced budget was in 2001 and it was passed by a Republican controlled House and Senate [0]. Clinton somehow gets complete credit for it, even though the executive branch doesn't directly control the budget and congress controls the power of the purse.
[0] https://en.wikipedia.org/wiki/106th_United_States_Congress
It's kind of funded by the demand for dollars due to whole world needing dollars to trade with them. So that it's not the USA and Americans paying all that interest in inflation due to money printing