Government Policy & Economic Impact - Argentina's Senate approved a bill to significantly increase government spending on pensions and social security [1] - The increased spending threatens to derail President Javier Milei's austerity drive [1] - The timing of the bill's approval is before October's midterm elections [1]

RT Mario Nawfal (@MarioNawfal)ELON: OUR NATIONAL DEBT IS A DISASTER“What really matters is that government spending is not far in excess of government revenue.That's a fundamental issue that we have where we have a deficit of $2 trillion and we have interest payments that now exceed the entire budget of the military.In fact, that was a big wake-up call for me was when the amount of money that we pay in national debt interest exceeded the Defense Department budget.And the Defense Department budget is very bi ...

British infrastructure firms stand to benefit from the Labour government’s spending plans for roads, railways and energy projects https://t.co/lDhsT23gHV ...

Rich governments are splashing the cash. Even once-prudent countries are getting in on the act https://t.co/J8b4rFGl5U ...

Economic Impact of Government Spending - The bill's benefits are likened to a "sugar high," suggesting a short-term boost without sustainable long-term effects [1] - Unlike past instances of large deficit spending during crises like COVID-19 or the financial crisis, this spending occurs during a period of low unemployment and controlled inflation [1][2] - Increased national debt leads to higher interest payments, diverting funds from essential programs such as defense, Medicare, and Social Security [3][4] - If global investors perceive the US as borrowing excessively, they may demand higher interest rates, increasing borrowing costs for both the government and consumers [4] - The US spends more on interest payments than on national security, posing a significant problem [4][5] Fiscal Policy Concerns - The timing of borrowing trillions when the economy is not in crisis is questioned, especially with ongoing investments in energy projects, chip production, and infrastructure [2] - Concerns are raised about the ease and cost of obtaining funds during future crises due to the increased debt burden [3]

To help offset the cost of tax cuts and new spending in their sweeping bill, congressional Republicans have cut nearly $1 trillion over ten years to Medicaid. Here's what you need to know https://t.co/9VZdUS4mWo ...

💯The Rabbit Hole (@TheRabbitHole84):“The real tax on the American people is what government spends.”— Milton Friedmanhttps://t.co/OPUvi5ElXN ...

weeks after he said he will step back from politics to focus on his businesses, Elon Musk is back in the fray again, publicly bashing this Republican mega bill. In a social media post yesterday, Musk wrote, "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record $5 trillion, that we live in a one party country, the Porky Pig Party." He writes, "Time for a new political party that actually cares about the people." Mus followed up with another post calling for the cr ...

Meanwhile, the Senate working all night on President Trump's tax and spending bill, voting on dozens of amendments as GOP lawmakers race the clock to try to get things done by Independence Day at the end of this week. Emily Emily Wilkins uh is with us. I know.Have you been up all night. You know, Andrew, I I did get a couple hours of sleep, but but I have been up for a few hours now just reviewing everything because we actually did kind of expect that there could have been that final vote by now. Instead, w ...

“As government spending is made more efficient and spending is reduced, the tax via inflation is reduced. One way or another, you will effectively be better off if resources in the United States are not wasted.People will do more useful jobs than before, the total output of goods and services will increase, and then the average standard of living will increase.”Elon Musk ...