300
Biden orders Secret Service protection for RFK Jr. following Trump assassination attempt
(www.cbsnews.com)
this post was submitted on 15 Jul 2024
300 points (96.3% liked)
News
23296 readers
3745 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It’s how the federal budget functions. Congress passes a budget, the central bank generates the money, and the money received via taxes gets destroyed. You can make whatever of it you want but that is actually how US currency, and likely any FIAT currency for that matter, functions.
They can’t just print money when they need money. That’s not how it works at all. Sure, they replace money that has been destroyed. The government absolutely needs tax money for education, infrastructure, health care etc.
They can and do create money in support of the budget. They can’t create unlimited money without consequence but they do create money for the budget and money returned to the government via taxes is destroyed. The gov takes out loans by issuing bonds and the National debt is simply a running total of those issued bonds over time. The federal government doesn’t need anyone’s money to have money, they create the money, they tax it back to get rid of it. It’s a spend first tax after system.
You’re saying they still need taxes, just with extra steps.
I never intended to imply taxes aren’t required, I was simply trying to state that they are not taking away from infrastructure spending because they issued increase funding to the secret service. I feel like a lot of folks naturally evaluate the federal government budget like a state, local, or personal budget and it’s backwards. Rather than taking money in and then spending it, they generate the money and then remove it with taxes. That was the only point I was attempting to convey.
Ok that’s fair. Apologies if I was being too stern. It sounded like you literally thought they just print as much money as they want and that taxes are a scam.
I really appreciate that you took the time to tease out the point I was attempting to make, at times during my initial comments it didn’t feel great but I mostly chalk it up to not being the most socially intelligent or articulate by any stretch of the imagination. Hope you have a good day.