The hottest Government spending Substack posts right now

And their main takeaways
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The $175.3 Trillion Doomsday Clock Is Ticking – That Is The Estimated Unfunded Social Security And Medicare Liability

OpenTheBooks Substack • 170 implied HN points • 04 Mar 24
💰 Finance Government spending Social Security
  1. The estimated unfunded Social Security and Medicare liability is a staggering $175.3 trillion, which is a major financial crisis threatening the future.
  2. The funding gap for Social Security and Medicare over the next 75 years is projected to be $78.3 trillion, leading to potential options like increased borrowing, higher taxes, or reduced benefits.
  3. The $175.3 trillion gap is a result of a lack of significant reforms in recent decades, with the projection showing significant challenges with Medicare Part B, Social Security, and other programs in the future.

$10 Trillion Stolen Right Under Our Noses

COVID Reason • 1768 implied HN points • 28 Aug 23
💰 Finance Economy Public Policy Inflation Wealth Inequality Government spending
  1. Over $10 trillion was spent on the COVID-19 pandemic, with $6 trillion from CARES Act and $4 trillion from Biden's administration.
  2. Money was stolen through fraud and embezzlement during COVID relief, with the effects leading to inflation and societal wealth disparity.
  3. The spending spree due to the pandemic led to significant financial losses, missed opportunities, and wealth redistribution, impacting many aspects of people's lives.
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The True Shape of America's Debt & Deficit "Burdens"

Brad DeLong's Grasping Reality • 261 implied HN points • 02 Feb 24
🇺🇸 U.S. Politics Economic Policy Government spending National Debt Political Economy
  1. Debt-to-GDP ratio in the U.S. has fluctuated over the years, with significant changes under different administrations.
  2. The U.S. could manage its debt by matching program spending to taxes in the future, allowing it to gradually diminish.
  3. The current U.S. deficit is a concern as it exceeds the optimal level, posing a risk for the future due to political and economic factors.

2024 Predictions

The Dollar Endgame • 359 implied HN points • 13 Jan 24
💰 Finance Economy Monetary Policy Inflation Government spending Market Analysis
  1. The Federal Reserve is likely to start cutting rates by Q2 or Q3 and possibly implement quantitative easing, based on recent signals and market predictions.
  2. There is an anticipation that the Fed will eventually restart quantitative easing due to factors like high deficits and pressure from the Monetary Black Hole, impacting financial markets and assets.
  3. Inflation is expected to return in the near future as liquidity programs kick in, fiscal deficits grow, and government spending increases, potentially leading to economic challenges and a recession.

Fifty years of putting off the inevitable

Comment is Freed • 102 implied HN points • 22 Feb 24
💰 Finance Government spending Taxation Education
  1. Jeremy Hunt may announce a tax cut that is not financially sustainable and could be misleading.
  2. The UK's tax burden is lower compared to other countries, partly due to lower spending on social programs.
  3. The UK's low tax burden is also a result of reduced spending on working age benefits, uniquely high housing benefit expenditure, and underinvestment in infrastructure.

3 Ways out of our "Fiscal Death Spiral."

cryptoeconomy • 707 implied HN points • 08 Jul 23
💰 Finance Debt Inflation Taxation Government spending Economy
  1. There are 3 ways to escape the fiscal crisis: reduce spending, raise taxes heavily, or resort to printing more money.
  2. The increasing debt and interest payments are approaching unsustainable levels, potentially leading to historic inflation rates.
  3. Regardless of the chosen path, the final destination seems to be inflation as the most likely outcome of the fiscal crisis.

$1 Trillion Per 100 Days: Is This the Year the Debt Bubble Explodes?

QTR’s Fringe Finance • 24 implied HN points • 11 Mar 24
💰 Finance Debt Government spending Federal Reserve Economic Growth National Debt
  1. The national debt is growing at an alarming rate, projected to reach $54 trillion within 10 years, with interest payments set to exceed defense spending.
  2. The Federal Reserve's monetary policy is criticized for contributing to unsustainable debt, with 2020 alone seeing over $3 trillion in printing.
  3. Government spending continues to mask weaknesses in the US economy, with debt growth outpacing GDP growth for multiple quarters, driven by reckless deficit spending.

Debt Ceiling Threats Gets Ugly

cryptoeconomy • 609 implied HN points • 13 May 23
🇺🇸 U.S. Politics Debt Ceiling Government spending Legislation Economic Impact
  1. Debt ceiling is approaching, and the government is trying to scare voters with extreme consequences like starving schoolchildren and financial market defaults.
  2. Negotiations involve significant spending cuts, particularly from rolling back spending to last year's level and applying a 1% annual cap for the next 10 years.
  3. If government spending reduces by roughly 50%, it could lead to a surplus to pay down debt, suggesting a need to cut unconstitutional and unnecessary programs.

The Fed's Plumbing Dilemma

Concoda • 443 implied HN points • 05 Jul 23
💰 Finance Monetary Policy Government spending Investing Market Dynamics Economy
  1. The Federal Reserve faces challenges as excess liquidity re-enters the banking system.
  2. Investors are pulling money from money market funds to seek higher yields, potentially leading to a speculative spree.
  3. Money market funds are moving liquidity from the Fed's RRP facility to the U.S. government's bank account, impacting the monetary system.

PEI Blues

Critical Mass • 26 implied HN points • 11 Feb 24
🏥 Health Politics Healthcare Government spending Diversity
  1. There is a crisis in medical care in PEI, impacting local communities and the nation, while attention and resources are directed towards new anti-racism initiatives.
  2. Shortage of doctors in PEI, with long wait times for assignment of family doctors, leading to challenges in accessing urgent medical care.
  3. Government focus on anti-racism initiatives may not address essential issues like the shortage of ICU doctors, which are crucial for immediate healthcare needs in the region.

Federal Agencies Admit To $3 Trillion In Improper Payments Since 2004

OpenTheBooks Substack • 252 implied HN points • 13 Jun 23
🇺🇸 U.S. Politics Government spending Federal Agencies
  1. Federal agencies have admitted to $3 trillion in improper payments since 2004
  2. The largest offenders are the Departments of Human Services, Treasury, Labor, and Education, along with the Small Business Administration
  3. Government waste is prevalent, with examples including billions in improper payments from various federal agencies

$10 Trillion Stolen Right Under Our Noses

QTR’s Fringe Finance • 34 implied HN points • 29 Aug 23
💰 Finance Economy Government spending Inflation Wealth Distribution Financial impact
  1. Over $10 trillion was recklessly spent on Covid relief, making people significantly poorer.
  2. The government's panicked spending went unnoticed by many due to the distribution method of electronic funds and stimulus checks.
  3. Inflation devalued household savings, widening the wealth gap and creating social stratification.

Term time

Model Thinking • 39 implied HN points • 20 Nov 22
🇺🇸 U.S. Politics Policy Analysis Elections Government spending Accountability
  1. Politicians prioritize short-term gains for re-election over long-term investments due to the nature of regular elections.
  2. The optimal rate of investment for politicians is influenced by factors like capital elasticity and depreciation rates.
  3. Increasing political term lengths from 5 to 7 years could potentially boost real incomes significantly over a long timeframe, showing the impact of term lengths on economic outcomes.

A benefit greater yet

Model Thinking • 39 implied HN points • 06 Nov 22
💰 Finance Economics Population Government spending Healthcare Policy Analysis
  1. Optimal population subsidies can differ greatly based on the discount rate assumption, with the model showing notable variations between a 5% and a 7% discount rate.
  2. There's evidence of a non-linear relationship between fertility rates and income, with high-income groups having more children in some cases, impacting population growth predictions.
  3. The marginal benefit of a birth is suggested to increase rapidly with population growth and discounts rates, leading to implications concerning government spending priorities and possible optimization opportunities.

Abolish the SALT Deduction

California Thoughts • 19 implied HN points • 12 Feb 23
🇺🇸 U.S. Politics Taxation Wealth Inequality Government spending Tax policy
  1. Repealing or increasing the cap on the SALT deduction would benefit the richest Americans and increase inequality.
  2. Factors like housing costs influence migration more than taxes, so removing the SALT deduction cap may not lead to as much migration as expected.
  3. It is suggested to abolish the SALT deduction and most other itemized deductions to prioritize spending on anti-poverty measures.

US Debt Hits $31 Trillion as Inflation Surges to 40-Year High: What Does This Mean for American Businesses and Households?

The Tweetsift Report • 0 implied HN points • 10 Mar 23
🇺🇸 U.S. Politics Debt Inflation Taxation Economic Policies Government spending
  1. The US debt has reached $31 trillion, hitting small businesses hard.
  2. Inflation has surged to a 40-year high of 9.1%, posing a significant challenge for many Americans.
  3. Efforts are being made to improve tax compliance by raising IRS funding, potentially leading to higher taxes for some individuals and businesses.

A tough year

Tech and Finance by G • 0 implied HN points • 06 Mar 23
💰 Finance Economy Inflation Federal Reserve Government spending Recession
  1. The economy is expected to worsen by the end of the year due to various factors like inflation and limited supply.
  2. The Federal Reserve is trying to manage inflation through rate hikes, but there is concern that it may lead to a recession.
  3. There is a prediction that the government will have to print more money to manage high inflation, resulting in a difficult economic situation.