News for hackers. Stuff that matters.

A comment on The Fed's Big Problem, There Are Two Economies but Only One Interest Rate. Parent comment

Re:The Fed's Big Problem, There Are Two Economies but Only O... by rayiner on Sunday March 17, 2024 @09:22PM (#39739660)
Virtually all of it goes β€œto the people.” Even the military budget is mostly payroll or operations (only 18% is procurement going to defense contractors). Social security is checks to individuals. Medicare is checks to healthcare providers.
[ Parent | on HN ]
Re:The Fed's Big Problem, There Are Two Economies but Only O... by zrn900 on Monday March 18, 2024 @12:06AM (#39740429)
> Even the military budget is mostly payroll or operations (only 18% is procurement going to defense contractors)

Not in a privatized defense environment where things are marked up 4000%. Yeah, you read that right.

[ Parent | on HN ]
Re:The Fed's Big Problem, There Are Two Economies but Only O... by tptacek on Monday March 18, 2024 @12:47AM (#39740604)
A lot of those 4000% markup stories are apparently not real, but rather accounting artifacts; they're cases where, like, a wrench bills out at $20,000, but what's actually happening is that the procurement was for a whole stealth bomber, and the cost gets spread across all the line items pro rata.
[ Parent | on HN ]
Re:The Fed's Big Problem, There Are Two Economies but Only O... by zrn900 on Sunday March 31, 2024 @10:46PM (#39890425)
> but rather accounting artifacts;

That is how money disappears. Like the $3 trillion that the Pentagon 'lost' and still 'cant find'.

[ Parent | on HN ]
Re:The Fed's Big Problem, There Are Two Economies but Only O... by rayiner on Monday March 18, 2024 @07:42AM (#39742715)
The 18% is at those marked up prices.
[ Parent | on HN ]