Is there really any correlation between tax revenue and spending at the federal level anymore? It seems the U.S. government is willing to spend at huge deficit levels. If everyone stopped paying federal taxes I suspect nothing would change.
When you can't pay the interest anymore?
Fact is US is able to run up 39 trillion and counting in debt because it prints the god damn monopoly money. No one would offer a loan to someone with that financial history. Shit really went off the rails after Bretton-Woods, huh?
In FY2025, the U.S. federal deficit was $1.78 trillion, with total revenue at $5.23 trillion, so clearly it's a majority of revenue.