Re:Chinese Tokamak reaches over 100M degrees
by namdnay on Wednesday November 14, 2018 @05:43AM
(#18448910)
And the war in Iraq $1 trillion :(
Re:Chinese Tokamak reaches over 100M degrees
by donkeyd on Wednesday November 14, 2018 @05:58AM
(#18448986)
Yup. I purposefully didn't mention it, because it can lead to distracting political discussions, unfortunately.
Re:Chinese Tokamak reaches over 100M degrees
by stcredzero on Wednesday November 14, 2018 @12:24PM
(#18451639)
Unfortunately, it did change the future, just not in the way its planners thought.
Re:Chinese Tokamak reaches over 100M degrees
by dis-sys on Wednesday November 14, 2018 @06:39AM
(#18449132)
$1 trillion is not a lot of money for the US. the Congressional Budget Office estimates that interest spending on US public debt will hit $915 billion in 2028[1].
[1] https://www.wsj.com/articles/u-s-on-a-course-to-spend-more-o...
Re:Chinese Tokamak reaches over 100M degrees
by dnadler on Wednesday November 14, 2018 @07:32AM
(#18449352)
That doesn't mean 1 trillion isn't a large amount of money. That means the US spends a trillion dollars servicing it's debt. As it so happens, the US will be spending a lot of money servicing debt.
Re:Chinese Tokamak reaches over 100M degrees
by Retric on Wednesday November 14, 2018 @07:37AM
(#18449378)
That’s a very misleading figure as inflation both directly reduces the actual debt payment nessisary, and makes comparisons between spending 2003 – 2011 vs 2028 difficult to compare.
Re:Chinese Tokamak reaches over 100M degrees
by abfan1127 on Wednesday November 14, 2018 @11:02AM
(#18450860)
except inflation is directly related to the amount of new debt issued, because thats the only source of M1 money supply. If the US Treasury didn't borrow from the Federal Reserve and instead printed its own currency, this would be different.
Re:Chinese Tokamak reaches over 100M degrees
by Retric on Wednesday November 14, 2018 @01:32PM
(#18452397)
The FED can create money from thin air when banks fail. So, debt is not the only source of M1 money supply.
Re:Chinese Tokamak reaches over 100M degrees
by ryanmercer on Wednesday November 14, 2018 @08:44AM
(#18449765)
1 trillion dollars is 3070 dollars per American citizen. That's like 9% of my annual gross, that's a lot of money.
$60bn is actually surprisingly little for research that could change the future of energy production and possibly society as we know it. To put it into context, the Apollo program cost $200bn in today's money and a high speed train between LA and SF is projected to cost $100bn.