Comment: Keep In Mind

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Keep In Mind

That as long as the Fed can print money, they don't really need tax money. G Edward Griffin mentioned that in The Creature From Jekyll Island. On page 203 (of my copy):

It is a sobering thought that the federal government now could operate - even at its current level of spending - without levying any taxes whatsoever. All it has to do is create the required money through the Federal Reserve System by monetizing its own bonds. In fact, most of the money it now spends is obtained that way.