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Congressional Budget Office: Federal Budget Deficit Totals $1.4 Trillion in 2023; Annual Deficits Average $2.0 Trillion Over the 2024–2033 Period
"The cumulative deficit over the 2023–2032 period that we now project is $3 trillion larger than we projected last May, mainly because of newly enacted legislation and changes to the economic forecast that boost interest costs and spending on mandatory programs. Federal debt held by the public is projected to rise from 98 percent of GDP in 2023 to 118 percent in 2033 — an average increase of 2 percentage points per year. Over that period, the growth of interest costs and mandatory spending outpaces the growth of revenues and the economy, driving up debt. Those factors persist beyond 2033, pushing federal debt higher still, to 195 percent of GDP in 2053. The increase in mandatory spending is driven by rising costs for Social Security and Medicare. Total discretionary spending falls in relation to GDP. As the cost of financing the nation’s debt grows, net outlays for interest increase substantially." more »
A Berkeley Study: With Rapidly Increasing Heat and Drought, Can Plants Adapt?
"An intensive study of a group of plants that first invaded emerging deserts millions of years ago concludes that these pioneers — rock daisies — did not come unequipped to deal with heat, scorching sun and lack of water. They had developed adaptations to such stresses while living on dry, exposed rock outcroppings within older, more moist areas and even tropical forests, all of which made it easier for them to invade expanding arid areas." more »
Fact Sheet on U.S. Security Assistance to Ukraine January 25, 2023
"Fact Sheet on U.S. Security Assistance to Ukraine January 25, 2023 In total, the United States has more than $27.8 billion in security assistance to Ukraine since the beginning of the Biden Administration..." Thousands of night vision devices, surveillance systems, thermal imagery systems, optics, and laser rangefinders; Commercial satellite imagery services; Explosive ordnance disposal equipment and protective gear; Chemical, Biological, Radiological, Nuclear protective equipment; 100 armored medical treatment vehicles; Over 350 generators; Medical supplies to include first aid kits, bandages, monitors, and other equipment; Electronic jamming equipment; Field equipment, cold weather gear, and spare parts; Funding for training, maintenance, and sustainment. The United States also continues to work with its Allies and partners to provide Ukraine with additional capabilities to defend itself. more »
Roberta McReynolds Writes: My Rainbow Has 64 Colors
Roberta McReynolds Writes: "Not a Christmas went by without the hope of discovering a brand-new box of 64 crayons to unwrap. Opening the lid released that unforgettable whiff of waxy pigments, and revealed the first glimpse of rows of those perfect tips on display that had never yet touched paper. The body of each stick was double wrapped in paper to lessen the chance of breakage. Those little paper shrouds bore the official name of each color. It was necessary to peel back the paper as the crayons wore down with usage. As I picked at the edge of the stiff paper it would inevitably slip under my short fingernails and stab the tender quick. Tearing back the paper in uneven strips ruined the perfect appearance in my eyes. One time I removed the entire paper from every single crayon to make them all uniform, and soon discovered how difficult it was to discern the differences in the darker colors. I regretted the disaster I’d created and immediately began longing for my next new box of crayons." more »