Tootfinder

The US now spends more on the interest on its #debt ($1.2T) than on its defense.
Interest payments are now the single most expensive part of the US budget.
Thanks to #Trump & #Republicans…

National debt nears $40 trillion: How we got here and why it matters
The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists.

Oh now this is the best tech news I have heard for awhile…. Is a Mega-Enron situation about to happen to a bunch of the Magnificient Seven?
“Like Enron, they’re using special purpose vehicles, or off-balance sheet arrangements such as legally distinct subsidiaries, as a way to make their financial reporting look healthier than it actually is — often a glaring sign that something is deeply amiss behind the scenes.”
Also… is this why Apple effectively outsourced its AI, rather than build its own. If so, it could be the smartest tech hedge of the century.
#apple #microsoft #meta #google #alphabet #amazon #oracle #AI #hedge #enron #debt