I read through these 1,000 comments, and it is really tragic how the so-called "left" has been completely, utterly indoctrinated with economic illiteracy in order that bankers might profit in their continued looting of this nation. While you haven't exhibited the penchant for that inquisitorial moral crusade to hunt down all the racists, sexists, and homophobic white people who are the reason the world is going to hell, I have no doubt that particular theory appeals to you as well.
The first, fundamental concept that must be understood is this: The federal government DOES NOT tax the people in order to raise revenue. There is no need. A sovereign nation with a fiat currency can create as much money as possible. While it is possible for hyperinflation to occur, that typically only happens when the money creation is much greater than economic growth or there are extraneous issues like war. That, ultimately however is the reason taxes are imposed: it is a direct way to control inflation, i.e. it is the way the government takes money out of circulations.
Now, the other more complicated matter pertains to that ratio of taxation and money creation, and why public debt is not only necessary but has always existed since the founding of the very first cities and advanced economies. Taxation MUST be less than money creation otherwise people will become poorer. The only way for personal wealth to increase is for the total money supply to increase, and the only way that can happen in a rational fashion is with a government or an entity with government powers coordinating that creation in a given social order.
If you really want to know the truth, it was the "surplus" years under Clinton that really precipitated this crisis. The immediate result was a rapid loss of incomee, which could only be remediated by massive borrowing on a personal level. This was intentional to MAKE YOU a debt slave.
Now, we have this nonsense. And why is it? Because the solution is for the government to simply print money until aggregate demand and employment returns with rational public works projects like every society has employed from Hammurabi until modern times. But to do that will 1) reduce the value of the debt holders notes due to inflation and 2) free you from their grasp.
All of this is a sham.
What's worse is the truly wealthy, the people who benefit from this high level corruption and the trillions of dollars given to the banks instead of put into public works projects don't even pay income taxes. Why? They are paid with capital instruments, and therefore pay ridiculously low capital gains taxes.
I encourage you to read the works of genuine progressive economists like Michael Hudson, and to search for the various top sites of economists who promote Modern Monetary Theory. You'll learn a lot, and realize why your specific example has zero relevance to our continually collapsing economy and only serves to make bankers richer at your expense.