Author Topic: Government programs & regulations, spending, deficit, and budget process  (Read 519388 times)

DougMacG

  • Power User
  • ***
  • Posts: 19230
    • View Profile
Global public debt = $100 Trillion
« Reply #1600 on: October 15, 2024, 09:48:30 AM »
Global public debt is set to reach $100 trillion, or 93% of global gross domestic product, by the end of this year, driven by the US and China, according to new analysis by the International Monetary Fund. In its latest Fiscal Monitor — an overview of global public finance developments — the IMF said it expects debt to approach 100% of GDP by 2030, and it warns that governments will need to make tough decisions to stabilize borrowing. Debt is tipped to increase in the US, Brazil, France, Italy, South Africa and UK, according to the IMF report, which urges governments to rein in debt. (Source: bloomberg.com
---------------------------------------------------------------------------------

[Doug]  One more thing the US has more than its share of...

Body-by-Guinness

  • Power User
  • ***
  • Posts: 2897
    • View Profile
Biden Admin Priorities in Action
« Reply #1601 on: Today at 10:03:48 AM »
@amuse

DOGE: NASA originally gave Bechtel a contract for a simple launch tower during Trump's administration. At that time, it was supposed to cost $383 million and be completed by March 2023. When the Biden-Harris regime took over, they demanded new DEI and climate change requirements that set everything back. Now, under the bumbling Biden-Harris regime, the cost has ballooned to $2.7 billion with completion pushed to 2027, maybe even 2029. Nothing as complex as SpaceX's booster-catching tower, which Musk's team erected in a year.

For reference, SpaceX built Mechazilla—a taller and more capable launch tower—in just one year for $200 million. The Burj Khalifa, seven times taller, full of tenants and amenities, took five years and $1.5 billion. But NASA's tower? DEI mandates, climate directives, and a mountain of bureaucratic nonsense have crushed any chance for efficiency or innovation.

It's time to elect Trump, with the help of true innovators like Elon Musk, Vivek Ramaswamy, and JD Vance, and dismantle the bloated government machine that's holding America back.