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Interest Payments Are An Increasingly Large Part Of The US Budget Deficit

The Big Picture

If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments. Previously : The Greatest Missed Opportunity of Our Lifetimes (October 23, 2023) The post Interest Payments Are An Increasingly Large Part Of The US Budget Deficit appeared first on The Big Picture.

Budgeting 321
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Biden Imposes Strict Climate Change Mandates on the Pentagon

Mish Talk

Large contractors would also have to publish an annual climate disclosure and develop “science-based targets” to reduce greenhouse gas emissions in alignment with the goals of the 2015 Paris agreement. It will add to inflation and bigger budgets. No, that isn't the Onion, I am quoting. It's the Wall Street Journal. Well, that's OK.

Nonprofit 287
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"Short Memories"

Calculated Risk

Politicians take advantage of this collective forgetfulness and act up in odd years - something everyone should be aware of as we head into 2015 ( edit: now 2023 ) (I expect some episodes of DC craziness). The "debt ceiling" is redundant (once a budget or a continuing resolution is passed, then the impact on the debt is pretty much known).

Budgeting 277
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The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

As the Peterson Institute noted: In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 Note that this is not hindsight bias , but rather discussions we had repeatedly here in the mid-2010s.

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Financing Childhood: What financial professionals need to know to help clients raise children

Nationwide Financial

Raising a child is expensive—according to data from the US Department of Agriculture (USDA), a child born in 2015 to a middle-income family would cost approximately $12,980 to $13,900 annually (depending on the age of the child). 1 BY 2022, inflation adjustments boosted those costs by 23%, ranging from $16,007 to $17,141 per child.

Clients 98
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Best Shows of Last Year You Should Watch

Integrity Financial Planning

The show got its start back in 2015, and the final season of Netflix’s longest-running original series was released in the Spring of 2022. [5] Everyone’s Talking About Grace and Frankie If you haven’t already given Grace and Frankie a watch, it’s another series that is high on the list.

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Making More From Less

Brown Advisory

The budget gap for nonprofits has widened because of a slump in their three sources of funds—donations, grants and portfolio returns. Charitable giving to foundations in 2015 shrank 3.8% stocks since early 2015 has also constricted funding. ©2015 Morningstar, Inc. from the previous year to $42.3 The slower advance in U.S.