U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem.

kept by eddie may 17

The U.S. national debt exceeds GDP, but the real risk is rising interest costs that crowd out other spending and slow growth.

What Is a Trump Gold Card? Applications Open for Million-Dollar Visas. - The New York Times
The Trump administration's Gold Card visa program sells residency for $1 million, aiming to raise billions and attract wealthy investors and entrepreneurs.
also on U.S. government, #economy, #politics, #us-government
OpenAI proposes U.S. government own 5% stake to address political blowback
OpenAI proposed giving the U.S. government a 5% stake worth $42.6 billion to ease political pressure, with Sam Altman arguing it shares AI benefits publicly.
also on U.S. government, #politics
Being poor vs. being broke
The piece distinguishes being broke as a temporary financial setback from being poor as a persistent lack of resources and options, arguing that standard advice for escaping broke is ineffective for chronic poverty.
also on #inequality, #personal-finance, #economy
Rich Californians Are Finding Creative Ways to Get Ahead of the Billionaire Tax - WSJ
California's proposed billionaire tax is prompting wealthy residents to use charitable giving and vacation-home purchases to reduce their net worth and tax liability.
also on #inequality, #economy, #politics