When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.

Summary

This quote highlights the consequences of a federal government spending more than it earns in taxes. It outlines three choices that the government has - raising taxes, printing money, or borrowing money. However, it argues that although these options may benefit politicians, they are ultimately detrimental to the average American. This suggests that such actions can lead to negative economic outcomes or burdens for citizens.

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