The government's spending habits are truly mind-boggling. In the past year alone, a staggering $1. 63 trillion of taxpayer money was spent on a mix of essential and downright bizarre projects. A significant chunk of this, $1. 22 trillion, was just to cover the interest on the national debt. That's a
Governments around the world are facing a tough situation. They owe a lot of money. This is making them think about new ways to get funds. One idea is to use the wealth of private individuals. Economists are talking about this a lot. They say that governments might offer special deals. For example,
The U. S. is in a tough spot. It's spending more than it has, and the debt is piling up. Right now, the country spends about $1 trillion every year just to pay the interest on its debt. That's more than what it spends on defense. Economists say this is a big problem. They warn that the solutions tha
A recent proposal by a prominent political figure involves using tariff money to send out annual checks to people. The idea is to give everyone $2, 000 each year, but not to those with high incomes. This plan is similar to the stimulus checks given during the COVID-19 pandemic. However, experts are
A recent deal will allow Medicare to cover weight loss drugs, but it comes with a hefty price tag. The prices for drugs like Ozempic and Wegovy will drop significantly when bought through Medicare and Medicaid. Ozempic will cost $350 per month instead of $1, 000, and Wegovy will be $350 instead of $
The national debt is a hot topic, and for good reason. It's growing, and that's a problem we can't ignore. Mary Childs, a journalist from Planet Money, recently shared her thoughts on why we should be concerned about this issue. In a recent discussion, Childs joined a panel that included Felix Salm
President Donald Trump recently took to Truth Social to criticize Elon Musk, suggesting that the Department of Government Efficiency (DOGE) should review the subsidies given to Musk's companies. Trump claimed that Musk receives more subsidies than anyone in history and that without them, Musk's busi
The political scene in the US is heating up as some Republicans in the Senate are pushing back against the president's spending plans. They want to see serious cuts to government spending and a reduction in the national debt. If they don't get what they want, they're threatening to block a major tax
Africa's most populous nation, Nigeria, is grappling with a significant national debt. This is not just a government issue. It also affects the private sector, which is crucial for the economy. The private sector is the engine of growth. It creates jobs and drives innovation. However, it faces many
At his Senate confirmation hearing, Scott Bessent, President Trump's pick for the Treasury, revealed a worrying trend in the U. S. economy. he doesn't think America has a revenue problem, but rather, a severe spending issue. Bessent explained that this very problem prompted him to leave his quiet jo
