nationaldebt
Former Vice President Mike Pence is leading a new effort to convince federal lawmakers to address the spiraling national debt. The debt surpassed the $35 trillion threshold in late July, less than eight months after hitting the $34 trillion mark. The upward trend won't stop anytime soon: the Congressional Budget Office expects the debt to hit $56 trillion by 2034, at which point the debt will be 122 percent the size of the U.S. economy. With the country veering into uncharted and dangerous territory, Pence's newly launched nonprofit, Advancing American Freedom (AAF), is asking lawmakers to ste...
Reason
The Nikkei just had its worst day since 1987, and the U.S. stock market, which already took a dramatic dive Friday, is tumbling further this week. While it was America's poor jobs report that spurred the global sell-off, there is much we can learn from other countries' experiences—particularly Japan's. There was a time when leading economists predicted Japan would overtake the United States as the world's leading economy. Instead, the Japanese central bank's loose monetary policy produced a real estate bubble, which eventually burst. The government responded with "stimulus" and easy credit, wh...
Reason
The U.S. is headed for "the most predictable economic crisis in history," as Bill Clinton's former White House chief of staff once put it. Why? Because of the mountain of federal debt that we keep making bigger and bigger. For the first time since the wartime economy of the late 1940s, U.S. debt is roughly equal to the value of all the goods and services our economy produces in a year. When World War II ended, all that spending on tanks and aircraft came to a quick end. But the major drivers of today's debt crisis are Medicare and Social Security, and their price tags are set to keep rising. S...
Reason
元大統領のドナルド・トランプ氏は最近、米政府の35兆ドルの膨大な国家債務を返済し、迫り来る債務危機を...
Cointelegraph JP
El expresidente Donald Trump propuso recientemente utilizar Bitcoin (BTC) o un “cheque de cripto” para pagar la abrumadora deuda nacional de USD 35 billones del gobierno de los Estados Unidos y evitar una inminente crisis de deuda. En una entrevista con Maria Bartiromo de Fox News, el candidato presidencial del GOP para 2024 elogió a la industria de criptoactivos y reiteró su postura de que, si América no innova en el frente de los activos digitales, otros países lo harán. El expresidente luego insinuó el papel que Bitcoin podría desempeñar en la liquidación de la deuda nacional de EE.UU.: "¿Q...
Cointelegraph ES
Former President Donald Trump recently proposed using Bitcoin (BTC) or a “crypto check” to pay off the United States government's staggering $35 trillion national debt and avert a looming debt crisis In an interview with Maria Bartiromo of Fox News, the GOP’s 2024 presidential candidate praised the crypto industry and re-iterated his stance that if America does not innovate on the digital asset front, other countries will. The former president then hinted at the role Bitcoin could play in settling the US national debt: "Who knows, maybe we'll pay off our $35 trillion dollar [national debt], ha...
Cointelegraph
El Fondo de Liquidez Digital Institucional en Dólares Tokenizados (BUIDL) de BlackRock, un vehículo de inversión que mantiene Letras del Tesoro de los Estados Unidos, efectivo y acuerdos de recompra, ha pagado a los inversores USD 7 millones en dividendos desde el lanzamiento del fondo de inversión en marzo de 2024. Según la firma de tokenización de activos Securitize, BUIDL pagó a los inversores USD 265,400 en dividendos en marzo, USD 1.21 millones en abril, USD 1.67 millones en mayo, USD 1.82 millones en junio y USD 2.12 millones en julio. El fondo tokenizado del Tesoro de EE. UU. de BlackRo...
Cointelegraph ES
BlackRock's tokenized United States Dollar Institutional Digital Liquidity Fund (BUIDL), an investment vehicle holding United States Treasury Bills, cash, and repurchase agreements, has paid investors $7 million in dividends since the launch of the investment fund in March of 2024. According to asset tokenization firm Securitize, BUIDL paid investors $265,400 in dividends in March, $1.21 million in April, $1.67 million in May, $1.82 million in June, and $2.12 million in July. BlackRock’s tokenized US Treasury fund makes it big BlackRock's BUIDL fund surpassed Franklin Templeton’s Franklin OnCh...
Cointelegraph
America's national debt is out of control. More than $8.1 trillion was added to the gross federal debt under the Trump administration, according to U.S. Treasury Department estimates. (The Congressional Budget Office, which uses debt held by the public and excludes debt owed to government agencies, estimates that Trump signed legislation adding $7.8 trillion in publicly held debt over the next ten years.) Reason's Zach Weissmueller asked delegates and attendees at the 2024 Republican National Convention whether Donald Trump is going to do anything about the debt should he be elected for a seco...
Reason
This week's featured article is "Why Did Americans Stop Caring About the National Debt?" by Brian Riedl. This audio was generated using AI trained on the voice of Katherine Mangu-Ward. Music credits: "Deep in Thought" by CTRL and "Sunsettling" by Man with Roses The post <I>The Best of Reason</I>: Why Did Americans Stop Caring About the National Debt? appeared first on Reason.com.
Reason
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