Comment

The way it is if you take the average of tax revenues vs borrowing as cash inflows it is 79% of cash inflows is taxes and 21% of inflows is "borrowing". The peak borrowing was in 2009 where 55% of federal cash inflows was borrowing was after the 2008 "financial crisis" , while in the early 2000s borrowing were near zero.

Either way it is a tax, borrowing is a hidden tax as are tariffs as the result is increasing the cash supply diluting the US dollar and reducing its buying power and driving inflation as has been the case since 1933.

However, a privately owned entity should never. be in control of borrowing and should be controlled by we the people and the elected government. Ideally the department of the Treasury and not "Musk and his cronies" or any other private group.

As DOGE unearths trillions (!) in fraud and corruption, the privacy destroying and intrusive IRS could concievably be replaced by "borrowing" only as a cash inflow. Just like in business it is perfectly acceptable to borrow more if the cash borrowed is invested in accretive earnings activities.

For example economic unions with Greenland and Canada and Mexico that are mutually benenficial to all involved is an example of accretive investing. I do not advocate for violations of sovereignty (51st state etc) but for example having a single currency is an example of an approach that benefits all sides where a better currency for one side and better access to valuable resources to the other side.