Originally posted by: O2bnVegas
I get all that. But...but...but...when Congress "votes" to approve spending on something not previously accounted for, does that exempt dunning the people, the taxpayers, from being taxed to make the spending happen?
Where does the money come from the build the ballroom, or anything. Is there a general fund within which the spending is drawn from WITHOUT it costing taxpayers more than already planned?
I hope I am getting my question across. I mean no trouble.
Candy
Candy, first of all, increased spending in and of itself doesn't necessarily increase taxation or the necessity therefor. It will increase the deficit if the government doesn't increase its revenue in a commensurate amount. That can be accomplished by either increased taxation or increased borrowing.
Like anyone who runs a household or a business, there are two equally important components to any budget: revenue and spending. Our government is running at a deficit because Trump, MAGA, and their cronies drastically reduced taxes on corporations and the rich. HOWEVER, because their propaganda is centered on excusing themselves for every awful and stupid thing they do, they continually bleat about HORRIBUL HORRIBUL GUMMINT SPENDIN and ignore the fact that their tax breaks for the rich are the reason the government is perpetually short of money and has to borrow.
So to answer your question, yes, the taxpayers foot the bill eventually, in one way or another. Any increased spending must be covered by increased revenue (taxation) or increased borrowing. And re the latter, one mostly unnoticed aspect of Trump's mismanagement of the economy is that T-bills aren't selling as well as usual and their net yields are down. In order to keep coddling the rich, we're going to have to pay a better interest rate to keep those T-Bills selling, and that in turn will require more spending to pay the higher interest. It can be and has been, historically, a death spiral for many countries.
Even if there was a dedicated "fund" to renovate/blow up the White House, the money would still come and have come out of our pockets. There's no such fund, though, and any renovations outside of normal maintenance have had to be approved by Congress, either separately or as part of the annual budget.