(11-16-2024, 07:47 PM)copycat Wrote:

(11-16-2024, 06:20 PM)mikesez Wrote: Incorrect. 
Debt is issued by the Treasury department when the budget is out of balance. That debt is sometimes purchased by the Federal reserve or by the social security trust fund. Those are also government actors. The debt held by the public is the excess that the other parts of the government were not able to absorb. 
The parts held by the public could include other countries, large hedge funds, mutual funds, and banks, but that chart does not break it down that way. The gray part is an estimate of how much lower the debt would be if the two tax cuts had not passed. It is an estimate, but it's probably more informed than an estimate that you or I could create.

My memory may be faulty but didn’t revenue go up after the tax cuts?  Or was that a few tax cuts back?  Regardless, our deficit has nothing to do with revenue and everything to do with spending.