The US budget deficit grew to almost $2 trillion over the past year, government data showed, reaching its highest level since 2021 despite President Donald Trump's promises to cut public spending and red ink. #USBudgetDeficit# #USEconomy# #DonaldTrump# #GovernmentSpending# #PakistanTV#

Government spending is really high. But it might be good, since the recipients of that cash can invest in datacenter development. And of course hyperscaler spending is enormous, so the recipients have to find safe places to place to store that cash, like in US Treasuries.

David Friedberg: Government Spending is Making Everything More Expensive… and Driving America Toward Socialism @friedberg: “California's got tens of billions of dollars it spent on this stupid f**king railway that goes nowhere, where there's no f**king tracks…” @DavidSacks: “And there's no political will to even stop that. It'd be the easiest cut in the world.” Friedberg: “Just think about the idiocy. Like, no one is saying we shouldn't do this. Why is no one saying we shouldn't do this? A quarter trillion dollars for a train from San Francisco to Fresno that costs more than an airline ticket is so idiotic. It's like the movie ‘Don't Look Up’. Like, look up. It tells you everything you need to know. Across the board, these government programs cause more harm than good. When the government intervenes in underwriting student loans, and gives everyone a loan, administrative costs went up by 6x and tuition skyrocketed 8% a year, compounding for 30 years, because the government said, ‘We'll underwrite any student loan.’ The same with housing, and now no young people can afford a house. The same with healthcare, where they said, ‘We'll pay people to stay home and not work to take care of people, and we won't check on whether or not they're actually taking care of people,’ and the cost of healthcare skyrocketed. You go across every one of these government programs, and every one of them has the adverse effect of driving up costs and inflating everything. And the core root of inflation in this country is government spending. And the reason we are going to end up becoming a socialist country is because we aren't reining in government spending and looking it in the mirror and saying, ‘Guys, this is idiotic. What are we doing?’”

European drugmakers called for beefed-up government spending on medicines, faster trials and IP protections as they sounded warnings on Tuesday that the continent's pharmaceutical industry risks losing out to the United States and China.

European drugmakers called for beefed-up government spending on medicines, faster trials and IP protections as they sounded warnings on Tuesday that the continent's pharmaceutical industry risks losing out to the United States and China.