This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy reporter Jarrell Dillard looks at the growing national debt. Sign up here and follow us at @bpolitics. Email our editors here.
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America has a debt problem. And it’s not getting much attention from the contenders for the White House.
There is $27.8 trillion in debt held by the public. And this year the US is expected to run one of the largest deficits in history, which will only make the debt bigger.
Though everyone knows that spending on entitlement programs, including Social Security, is a big part of the problem, the 2024 presidential nominees are tiptoeing around the issue on the campaign trail. They’ve barely mentioned the deficit, much less offered any substantive solutions.
Spending on Social Security, Medicare and Medicaid could reach 10.3% of gross domestic product in 2024, according to projections from the Office of Management and Budget. That compares with an 8.2% average between 1984 and 2023.
There is already some news about it, but I don't think you will like it. Link to post
Researchers from Nokia and GFiber Labs (the experimental arm of Google Fiber) successfully achieved 41.89 Gbps download speeds on a live Google Fiber network. This marks the first time that Nokia's 50G PON (passive optical network) technology has been used on a Google-owned network, and its one of the only examples of live 50 Gig networking in the United States.
Inflation in Russia will prevent GDP from increasing.
How viable would it be for the government to set up its own state-owned ISP company with minimal or no political influence?
It would actually be considered lobbying.
I think the FEC and EAC should be merged to form the FEA, and then given more autonomy so that it is not at the mercy of the Democratic and Republican parties.
The vote defeated amendments proposed by Republican Josh Breechen, who has called for cuts to “woke, weaponized, and wasteful” government spending.
United States Representatives voted overwhelmingly in favor of protecting funding for the National Endowment for the Arts (NEA) and the National Endowment for the Humanities (NEH) during a House floor session yesterday evening, July 23.
Republican Josh Brecheen had proposed two amendments to the Fiscal Year 2025 Department of the Interior, Environment, and Related Agencies Appropriations Act that would have slashed funding for both agencies by nearly a quarter, cutting $48 million each from their proposed budgets. The Oklahoma representative has requested some $50 billion in cuts to “woke, weaponized, and wasteful” government spending in acknowledgment of the nation’s purported debt of approximately $34 trillion, targeting environmental and endangered animal conservation efforts, the John F. Kennedy Center for Performing Arts, and funding for Ukraine as well as the World Health Organization, among other recipients.
PBS and NPR are not owned by the government, they are independent and the majority of their income comes from outside the federal government, only a minority comes from there.
Those who are owned by the government are USAGM, which owns several media outlets, but their target audiences are foreign.
Why did the two most important people in this cartel just turn themselves in to the American authorities?
The UN is a little more functional than the League of Nations.
This is how generations have been, they usually don't accept new things, be it culture, technology or fashion, because it breaks their routine. AI is not going to disappear, because it is a technology as old as computing, the closest thing is that an AI winter will come (it has happened several times to a greater or lesser extent).
But this only affects the US, because in other countries it remains the same without strikes, and I think this will encourage more subcontracting in countries like India, China, Mexico, Argentina, Brazil, Indonesia, because they are cheaper. Unless the government starts giving subsidies or updates the Berne Convention.
The government could provide subsidies or tax exemptions to companies that do not use AI in films, series, audios and video games.
It will only cause more capital to go to tax havens.
An AI-powered fighter jet took the Air Force’s leader for a historic ride. Here's what that means for war.
With the midday sun blazing, an experimental orange and white F-16 fighter jet launched with a familiar roar that is a hallmark of U.S. airpower. But the aerial combat that followed was unlike any other: This F-16 was controlled by artificial intelligence, not a human pilot. And riding in the front seat was Air Force Secretary Frank Kendall.
AI marks one of the biggest advances in military aviation since the introduction of stealth in the early 1990s, and the Air Force has aggressively leaned in. Even though the technology is not fully developed, the service is planning for an AI-enabled fleet of more than 1,000 unmanned warplanes, the first of them operating by 2028.
There are many types of AI Bros. They can be researchers who like to explore and develop the potential of AI, others who like to see AI-related research and like to explain how AI works to people who are not into the subject. Finally, there are those who say you can make money with a few steps or by doing nothing.
Well, this strike only affects the video game industry in the United States. The video game industries in other countries are still going and can use AI in development, we just have to see how this plays out in the future.
For example, in the future, if American actors decide to participate in Chinese or Indian video games and they use AI, they will have to accept the terms that the developer wants in their project or let someone else take their role.
Autoridades educativas de la Universidad Autónoma de Querétaro investigan el resultado de 33 estudiantes que obtuvieron el 100 por ciento de los aciertos en el examen
The authorities of the Autonomous University of Querétaro are investigating the results of 33 applicants to the Faculty of Medicine who obtained one hundred percent correct answers in an exam, which made them suspicious and they began to investigate.
The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates.
The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday.
Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
I just read the article and I'm telling you that the Supreme Court caused this executive order.
What is the difference between Voice of America (VOA) and Reason?
Why should they always make cuts to NASA?
A guide on how to get food without the IRS catching you.
Hard, because the countries are not going to agree and do not want to limit themselves with what could end up harming them in the future.
At least that the international copyright treaties are updated (a titanic task to be fulfilled), but it does not ensure that all countries, organizations, companies or individuals follow and respect the agreements made, especially in developing countries.
