Rand Paul pushes six penny plan as US debt tops $40 trillion
Sen. Rand Paul promoted his Six Penny Plan on X, calling for 6 cents of every federal dollar spent to be cut and for the budget to be balanced in five years.
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US Debt Surpasses 100% of GDP, AI's Impact on Wealth Inequality and More: This Week in Economy
As the week wraps up, let’s take a look at the top stories that made headlines. From the U.S. debt surpassing 100% of GDP to the warning issued by a top European venture capitalist, here’s a quick round-up of the week’s key events. Palantir CEO Alex Karp Warns AI Could Become America’s Biggest Driver Of Wealth Inequali
US Debt Surpasses 100% of GDP for the First Time Since World War II— Is the Fiscal Squeeze Actually Deflationary?
Publicly held federal debt has officially eclipsed the size of the entire American economy, crossing the 100% gross domestic product (GDP) threshold for the first time since 1946. While traditional economic theory warns that this fiscal squeeze could trigger runaway inflation, a growing chorus of contrarian analysts ar