"Free at last, free at last, thank God Almighty we are free at last."
Every corporation is required by law to have a Comprehensive Annual Financial Report, (CAFR), that reveals the corporation's total assets and liabilities.
A budget is only a statement that reveals how much a corporation is willing to spend. The corporations net worth and amount of cash they have available is not disclosed in a budget.
If you had a family budget of $4,000 a month and but needed an additional $1,000 to repair your car, would you borrow the money from the bank or would you transfer money from your savings account?
When Congress has a budget deficit they borrow the funds needed to balance the budget and then raise taxes to pay it back. The governments of the cities, counties, states and even Federal have been hiding trillions of dollars in secret bank accounts for many years.
Believe it or not, the government owns up to 70% of all of the stock in the Fortune 500 Companies. Last year alone, the government had a yield of over 14 trillion dollars on investments in their portfolio. With a budget of less than 4 trillion dollars, the government had a budget surplus of over 10 trillion dollars.
The government doesn't need to tax the people, Congress simply needs to transfer the money they need to balance the budget. The government has plenty of money and instead of taxing us to death, they could pay off all student loans and home mortgages.
Martin Luther King's quote "Free at last, free at last, thank God Almighty we are free at last." would apply as every American would be free of the shackles of debt.