>death-debt spiral where it pays for itself with donations from foreigners.
That's not how it works. As long as the trade deficit exists, and the reserve currency is the dollar, there will be huge demand for treasuries.
That's not how it works. As long as the trade deficit exists, and the reserve currency is the dollar, there will be huge demand for treasuries.
Spending $50k on a trash can is unlikely to lead to the sort of benefits that are required. Better than unemployment benefits for nothing, maybe. The opportunity costs and time wasted on bureaucracy put even that optimistic spin in doubt. Basic research doesn't need 3% of GDP spent on overinflated contracts. It can't be helping the situation.