A monetarily Sovereign government like the U.S. creates its currency by fiat. FG is the federal government filling up the tub with currency which it then spends into the PS private sector which then pays its taxes which simply get destroyed. There is no recycling of tax revenue.
Why would the U.S. government need revenue when it can issue all the currency it wants by fiat.
Would you need a job to produce revenue if you were the monopoly issuer of dollars for your family or business?
The national “debt crisis” which our enlightened politicians and economic pundits flail us with on a daily basis—demanding our obeisance to their schemes of imposed austerity—cannot, therefore, really EXIST. It is a figment of their overwrought imaginations. Simple reason tells us that—so long as the sovereign government has the authority to declare that its citizens shall pay taxes—it is an effortless exercise for that government to continuously and FOREVER issue pieces of paper which simply state the government will accept that paper as payment of taxes due to itself. The implications of this for a TRUE national prosperity are enormous.