Not true, issuing a loan brings in money (albeit mirrored by an equal amount of debt). So the federal deficit brings in a substantial amount of money. In the same vein, paying down the national debt completely, an oft-cited goal of some national leaders, destroys all money.
Setting aside the issue of generating money, which is not under discussion, and which loans can help with, do you really still claim that "The tariffs don't actually bring in money"? 51% of the government income is from income taxes, which you would say "doesn't actually bring in money." So what exactly is the point of talking the way you are talking?
Our current leadership and their populist supporters are super gung-ho on converting the US into a mercantile economy like China. That's what these tariffs are about: creating an environment of protectionism from which the US will emerge as an export powerhouse, with massive trade imbalances in the US' favor.
So in their own language, these tariffs are merely domestic transfers of capital and do not 'bring in money.'
The language under discussion is the national debt and deficit.
You’re trying to make a political point by changing the definition of words.
I may agree with your point, but pretending like tariffs don’t generate income that bring down the deficit is not the way to argue it. It just convinces people you aren’t arguing in good faith, or don’t understand simple math.
The last legal ruling on the matter found that they are mostly being enacted illegally by using emergency powers[1] and may end up being refunded entirely. So until they are actually able to be booked, we can't say they are impacting the budget one way or another. If they aren't legalized then the work it took to collect and then refund them all is money that may as well have been incinerated.
> The tariffs don't actually bring in money, they just move money from one place (US taxpayers, who'd otherwise use it productively) and put it elsewhere (the treasury).
So your argument seems to be “We have yet to see whether these new tariffs are legal and therefore whether the income will be able to be kept.”
That’s a far cry from saying tariffs don’t generate income for the government, which is what I understood you to be saying.
