Don’t you pay taxes? Local, state and federal governments collect taxes which is money used for expenditures, roads, military, judges, politicians, border security, etc.
State and local governments don't have the power to create their own money. They have to tax in order to spend. The federal government, on the other hand, does not need to tax in order to spend, and there are about 20 trillion pieces of evidence out there that support my argument and not yours.
if the government does not collect enough in taxes, what will they do. Since the government is not financially responsible and don’t care how they spend our money, they have to borrow the money, they don’t arbitrarily print money.
No, the government doesn't
arbitrarily print money. They print money that they need to pay for the spending that Congress has decided on.
"Printing money," btw, is when the central bank buys bonds or other assets from the private sector in exchange for reserves and account balances. No net assets are created in the process, nobody is richer or poorer for the central bank's "printing." QE was an example of money printing, and it led to zero inflation.
When the government wants to deficit spend, Treasury issues bonds. The private sector buys those bonds. Then the government spends the proceeds right back into the economy. The net result is more bonds held by the private sector as rock-solid savings instruments, an increase in aggregate demand (from the government spending), and the same number of dollars in existence. The dollars have merely shifted from bond buyers to earners. No private sector assets are used, or even tied up, in the process.
If nobody buys the bonds, the central bank will, resulting in the Fed holding bonds while reserves and account balances increase (from the government spending) - and the government still gets their money to spend. It is nothing like true borrowing, and it is nothing like true debt, but that doesn't stop fear-mongering politicians from claiming the country has a debt problem, and/or we won't be able to borrow money in the future. Neither one is true.
