Only one third? At the size of the deficit that number is significant.
As for the rest. The taxpayer is paying the interest to borriw as well. So that's a wash. Then there's the bureaucratic overhead devoted to the deficit. That's a loss.
The reality is, it's a net loss to the taxpayer. That is money is magically moving around and too little value is being delivered. Ask any taxpayer if they're getting value.
As for the rest. The taxpayer is paying the interest to borriw as well. So that's a wash. Then there's the bureaucratic overhead devoted to the deficit. That's a loss.
The reality is, it's a net loss to the taxpayer. That is money is magically moving around and too little value is being delivered. Ask any taxpayer if they're getting value.