Hacker News with Generative AI: Government Spending

Taxpayers spend 22% more per patient to support Medicare Advantage (theconversation.com)
Medicare Advantage – the commercial alternative to traditional Medicare – is drawing down federal health care funds, costing taxpayers an extra 22% per enrollee to the tune of US$83 billion a year.

Medicare, Healthcare Costs, Government Spending, Public Policy

95 points by paulpauper 41 days ago | 106 comments

Memo to Musk: Here's $37B in Spending Cuts (ti.org)
Before the election, Elon Musk said he could find $2 trillion in federal spending cuts. After the election, he scaled that back to $0.5 trillion. Now that interest alone on the national debt is exceeding $1 trillion a year, a half-trillion cut isn’t going to be enough. Here are a few ways the federal government could save billions of dollars a year.

Politics, Economics, Government Spending

3 points by xnx 52 days ago | 6 comments

Trump says Elon Musk to lead 'DOGE' office to cut 'wasteful' government spending (theverge.com)
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead what he calls the Department of Government Efficiency — yes, the acronym is DOGE — to “pave the way” for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.”

Politics, Elon Musk, Government Spending, Cryptocurrencies

10 points by thunderbong 66 days ago | 0 comments

Feds spend $2.1M per homeowner in bailout of one of LA's richest burbs (latimes.com)
The federal government plans to give Rancho Palos Verdes $42 million to finance buyouts for the homeowners hardest hit by the ongoing landslides in the Portuguese Bend area, with the properties eventually converted into lower-risk open space.

Government Spending, California, Natural Disasters, Real Estate

8 points by doctorpangloss 69 days ago | 0 comments

Pentagon's commercial satellite internet services program soars to $13B (spacenews.com)
WASHINGTON — The Defense Department is increasing its projected spending on low Earth orbit (LEO) satellite internet services more than tenfold, responding to surging demand from across the military, SpaceNews has learned.

Military, Space, Satellite Internet, Government Spending

5 points by alex_young 79 days ago | 6 comments

3 Years After Allocating $5B for EV Chargers, 17 Stations Completed (nationalreview.com)

Electric Vehicles, Infrastructure, Government Spending, Public Policy

24 points by fortran77 87 days ago | 11 comments

US Interest Burden Hits 28-Year High (bloomberg.com)
The US debt interest-cost burden climbed to the highest since the 1990s in the financial year that’s just ended, escalating the risk that fiscal worries limit the policy options for the next administration in Washington.

US Economy, Finance, Debt, Government Spending

17 points by xqcgrek2 90 days ago | 8 comments

Michael Bloomberg: NASA's Artemis Moon Mission Is a Waste (bloomberg.com)
The Artemis program — years behind schedule and billions over budget — should have taxpayers and presidents demanding answers.

Space Exploration, NASA, Politics, Government Spending

8 points by kristianp 91 days ago | 1 comments

NASA's $100B Moon Mission Is Going Nowhere (bloomberg.com)
The Artemis program — years behind schedule and billions over budget — should have taxpayers and presidents demanding answers.

Space Exploration, Government Spending, NASA, Artemis Program

7 points by JumpCrisscross 93 days ago | 1 comments

As world debt hits $100T, IMF warns deficit must be brought under control (politico.eu)
The debt owed by governments around the world will surpass $100 trillion by year-end and is an increasing threat to the global economy, the International Monetary Fund warned on Tuesday.

Global Economy, International Finance, Debt, IMF, Government Spending

8 points by hhs 93 days ago | 4 comments

California fails to track its homelessness spending or results, a new audit says (calmatters.org)
Exactly how much is California spending to combat homelessness — and is it working?

Homelessness, Government Spending, Audits, California

70 points by wslh 117 days ago | 55 comments

NASA's SLS rocket's Mobile Launcher-2 increase from $383M to $2.7B (twitter.com)

Space Exploration, NASA, Government Spending, Rocketry

73 points by guardiangod 144 days ago | 71 comments

The U.S. Navy's $100M checkbox (2019) (adrian3.com)

Military, Government Spending, Software

291 points by davidbarker 151 days ago | 245 comments

The U.S. Air Force's NGAD Fighter Looks Like a Giant Boondoggle (nationalinterest.org)