News for hackers. Stuff that matters.
Re:Boeing chief must have engineering background, Emirates b... by ak_111 on Wednesday March 27, 2024 @07:20AM (#39837666)
See my other comment. There is no way to get a scale of it since it is not audited. All we see is the public debt ballooning while infrastructure around us is decaying. Where is the money going?
Re:Boeing chief must have engineering background, Emirates b... by geeB on Wednesday March 27, 2024 @07:53AM (#39837859)
The deficit since October is roughly the same as all defense expenditures: https://fiscaldata.treasury.gov/americas-finance-guide/natio... So even if they went to zero and didn’t have any effect on revenue, we’d still end up the year with debt ballooning. The lion share of expenditures are non-discretionary, and public debt increase is largely determined by demographics and interest rates.
Re:Boeing chief must have engineering background, Emirates b... by FredPret on Wednesday March 27, 2024 @07:22AM (#39837673)
But we can look at the audited public filings of the defense contractors. And their numbers are really kind of reasonable.
Re:Boeing chief must have engineering background, Emirates b... by KptMarchewa on Wednesday March 27, 2024 @08:44AM (#39838308)
> There is no way to get a scale of it since it is not audited.

Pretty boring talking point, since it's mostly audited - the various secret programs are very small in comparison to public ones.

> Where is the money going?

Giant majority goes to various social and medical programs, that only baloon from aging of society and prolonged lifespans without extending workspan.

https://upload.wikimedia.org/wikipedia/commons/e/ea/2023_US_...

So, in short - pensioners eat all the money.