spend a trillion dollars game

NID cookie, set by Google, is used for advertising purposes; to limit the number of times the user sees an ad, to mute unwanted ads, and to measure the effectiveness of ads. And what if the result needed to be making the world a better place? Earlier this year, they voted to undo the budget boost, though the legislation has no chance of passage in the Senate. Part of HuffPost Politics. I'll probably integrate that into my plans somehow. Between now and then, the House has 15 days in session. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Im Ira Flatow. Given that both the CBO and Bidens numbers show trillion-dollar deficits as far as the eye can see, perhaps it is time for the president to find a way to come to the table and discuss how to address this challenge rather than accepting trillion-dollar deficits as the new normal. WebWith a million dollars, you could have that first issue comic book you've been dreaming about, or you could feed a small village for a number of years. The use of these cookies is strictly limited to measuring the site's audience. I'm more likely to send my local Boys and Girls Club to a game. And its about the same as some of the biggest companies, like Apple and Amazon. If it improves the value of my home, I will probably do it. I mean, one of the criteria used to select them was that they were actually fixable problems, right? Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. If youre a regular listener to the program, you have heard me ask researchers the question I call the blank check question. Imagine I gave you unlimited resources, a blank check, to spend on your research. The president and his White House have taken the 2020 COVID-19, one-time-only crisis budget as his administrations working baseline, rather than the pre-Covid 2019 budget, which had a significant $4.4 trillion price tag. In 2020, because of the pandemic, the budget jumped 47 percent to $6.5 trillion, as both Democrats and Republicans supported the need for emergency funding. It does not store any personal data. I'm more likely to make a donation to my local library. The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. Bidenpreviously said he will refuse to negotiate with Republicans over their proposal, claiming theplan would hurt "hard-working"peoplethe most. Bidens own proposed 2024 budget would be 55 percent higher than Trumps spending in 2019, and his budget projections are even more alarming. Instead, focusing on one of the most important issues Biden never mentioned in his Tuesday announcement video: the economy, specifically the countrys staggering debt, a looming catastrophe waiting to happen. Do you have one of your favorite ideas, besides what you think where we should spend it, one that you would like to spend it on, just maybe for fun? Even with dozens of private jets in your shopping basket, the total spend hardly makes a dent in Musk's extortionate bank balance. If you had one trillion dollars, you could spend it in a lot These cookies ensure basic functionalities and security features of the website, anonymously. That includes a partial end to tax credits for electric vehicles: It would ax the $4,000 credits for used vehicles and phase out some of the $7,500 credits for new EVs. Its like weve had with the International Space Station. Are you interested in purchasing jewelry? There are just some things out of reach. ROWAN HOOPER: The original goal was to daydream, you know? I could use that for a number of things. But But do that again on the moon on a bigger scale. Rowan Hooper is a journalist and podcast host at New Scientist, and author of the book How to Save the World for Just a Trillion Dollars: The Ten Biggest Problems We Can Actually Fix (The Experiment, 2022). Funny Game Description Punish greedy fat cats and save honest peoples! House Republican leaders have made clear his budget isnt going anywhere; but it illustrates just how out of control Bidens spending policies really are. But it makes it more equitable. And you can read an excerpt from the book on our website, sciencefriday.com/trilliondollars. Musk, who is based in California, has since been overtaken by Amazon boss Jeff Bezos, but still sits in third place on Bloomberg's billionaires index. Massie has a deep libertarian streak and has taken to wearing a digital counter in his jacket pocket that tracks the national debt. I've always been interested in making jewelry. But you could do a huge amount of good tackling various diseases of course you could with a trillion dollars. But before I do that let me provide a bit of context to the scale of the numbers being discussed, as billions and trillions are huge numbers. The Tesla boss has amassed a $166billion fortune Credit: Reuters. I will eat at fancy restaurants with business associates so I can write it off. Holding a 222-213 margin in the House, McCarthy can lose only four Republican votes and still be able to pass the bill if all the representatives show up and vote along party lines. Sign me up! ROWAN HOOPER: Yeah, I did. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. The way you spend your money is completely up to you. This cookie is used to manage the interaction with the online bots. Analytical cookies are used to understand how visitors interact with the website. You would have to come up with some pretty crazy ideas to spend that As of last month, U.S. debt was $26.5 trillion. This cookie is set by GDPR Cookie Consent plugin. Ira Flatow is the host and executive producer of Science Friday.Hisgreen thumb has revived many an office plant at deaths door. My first step will be to pay off all my debts and the debts of those close to me. These movements were partly offset by an acceleration in consumer spending, an upturn in exports, and a smaller decrease in residential fixed investment. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. , with the bulk of that savings coming from caps the bill would place on the annual funding voted on by lawmakers. Will you be investing in green technology? Consider that federal expenditures were about $4.8 trillion in 2019 but were over $6 trillion in 2022. I will likely pick up a few pieces here and there. I may do a bit of traveling, but it's not my top priority. But to settle on the moon, you could do it in under a trillion dollars, yeah. VigLink sets this cookie to track the user behaviour and also limit the ads displayed, in order to ensure relevant advertising. ROWAN HOOPER: Yeah, I think that would be awesome enough, yeah. There are so many places to see. So how about cracking down on that unpaid tax a bit, freeing up a few trillion dollars. The GOP debt ceiling legislation would repeal broad swaths of the tax policies meant to cut greenhouse gas emissions and incentivize the deployment of green energy. First, the bill targets the Supplemental Nutrition Assistance Program, or SNAP. I think we are lonely. Hes a journalist with New Scientist and host of their podcast, and author of How to Save the World for Just a Trillion Dollars The 10 Biggest Problems We Can Actually Fix, recently out in paperback from The Experiment. They start from a single $8 Big Mac burger, all the way up to a $50million launch of a Falcon 9 rocket built by the 49-year-old's company, SpaceX. The cookie is a session cookies and is deleted when all the browser windows are closed. Its a good bill, to be honest with you. But House Republicans have charged that the influx in funding would empower the IRS to hire thousands of new agents to audit innocent Americans. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. And then I just started thinking, you know, there is a lot of money out there. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. The bill's odds of passing in the Senate, where Democrats have the majority, are low. This cookie is used for load balancing purposes. No way, that's another terrible investment. The GOP bill targets at least some of the $80 billion set aside to improve the Internal Revenue Service and help the government pursue unpaid taxes. House Republicans would raise the debt ceiling by $1.5 trillion, or suspend it until March 31, 2024, whichever occurs first. Twitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting. ROWAN HOOPER: Its $1,000 billion. I plan to invest it quickly, but I don't see the money going away for a very long time. And lets hope it brings me in a few more hundreds of millions of dollars. There are so many people to help. House Republicans would raise the debt ceiling by $1.5 trillion, or suspend it until March 31, 2024, whichever occurs first. We also use third-party cookies that help us analyze and understand how you use this website. This cookie is set by GDPR Cookie Consent plugin. The way you spend your The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. How far can a trillion dollars take you there? That's not going to be something that I spend money on. In its own analysis, the CBO found that the new IRS spending would have a significant return on investment, helping to reduce the deficit by $120 billion over the next decade. And can money spur these new ideas about what the universe is made of? These cookies track visitors across websites and collect information to provide customized ads. I really like this idea because you effectively get twice the bang for your buck, because if you invest in areas of rich biodiversity or areas that are vital for biodiversity, they also tend to be areas that are vital for carbon storage areas. The $7.2 trillion added to the debt held by the public under Trump compares with $8.1 trillion added during the eight years of former President Barack Obama and Vice Which new hobby would you most likely see yourself taking up? I might have a few outfits crafted just for me, to highlight my unique style. I will have an advisor to guide me. I probably won't, but I will definitely support those who are passionate about green technology. Learn more about recent Gartner press. Let us know in the comments! Its, what, 10 years late? And they only cost in the order of tens of billions of dollars each. We're simply going to observe the choices you make and try to figure you out a little. Do it right and save the They say theyre going to put in all their fortune of around $60 billion by the time they die into this project. Let's go shopping! You are also agreeing to our Terms of Service and Privacy Policy. Do you think your eating habits might change? House Republicans would raise the debt ceiling by $1.5 trillion, or suspend it until March 31, 2024, whichever occurs first. We could go to the far side of the moon and put a space observatory there, a science observatory on the far side of the moon. In the first eight months of this fiscal year, it spent $730,000,000,000 or an average of $91,250,000,000 per month. IRA FLATOW: And then you say half a trillion to massive biodiversity renewal and carbon drawdown scheme. If the federal government defaults on its payments this summer, the United States could see a recession, rise in unemployment or stock market crash,expertstold USA TODAY. ROWAN HOOPER: Yeah, its actually surprisingly cheap. I have a lot of artistic projects in mind. McCarthy pointed the finger at Biden, claiming the president is "ignoring" the debt crisis. And the good thing is theres a lot of projects already going to the moon that you could piggyback on or you could augment and speed it up. Not surprisingly, for the first time in history, U.S. debt is predicted to exceed the nations Gross Domestic Product by the end of 2020. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. The cookie does not store any personally identifiable data. Norman was one of a group of House Republicans who voted against McCarthy becoming speaker until he agreed to a list of their policy demands. Smart analysis delivered to your inbox: Sign up for the OnPolitics newsletter, What's in the bill? Hooper joins Ira to talk about his book, How to Save the World for Just a Trillion Dollars: The Ten Biggest Problems We Can Actually Fix, and to daydream about where and how an infusion of cash might do the most to accelerate solutions to some of the planets problems.. I might get something that would be a fun project to work on. It's an interesting idea. IRA FLATOW: And you dont want to just stop at the moon. The game presents Musks net worth, which you can spend on an array of different items by clicking on them as fast as you can. And you could raise the money like that. I mean, NASA have got projects going out to the moons of Jupiter and Saturn. With Medicaid, meanwhile, Republicans proposed a rule requiring the low-income recipients of federal health insurance to satisfy certain income or work thresholds. It was like, oh, what would I do if I had all this money? In the fourth quarter, GDP increased IRA FLATOW: So were not thinking a big GoFundMe campaign here. Now, I think if you asked people what they would do with a trillion dollars, a lot of them would say, first off, cure all human disease. Not really. This cookie is set by GDPR Cookie Consent plugin. Used by Yahoo to provide ads, content or analytics. In fact, Bidens 2024 budget proposal also projected that when that $10 trillion mark is reached, the deficit for that year will be over $2 trillion. Translating that from dollars into seconds that would be 6.4 centuries. It might be something I invest in if it becomes popular and profitable. I may start a charity, but probably not a business. One week after unveiling the so-called Limit, Save, Grow Act, Republicans brought the measure to the House floor and embarked on what proved to be a raucous debate. Science Friday transcripts are produced on a tight deadline by 3Play Media. Theyve been doing it a lot recently with the pandemic. So its a fair deal more than them. That sounds fun. As you click on each item - which you can "buy" as many of as you like - your total spend goes up while the billionaire's net worth is whittled down. The way you spend your money is completely up to you. It's about finding ways to squeeze out more of America's middle class.". IRA FLATOW: Because you have another option, and that is to cure cosmic loneliness. Tumblr. You couldnt build a solar shield around the planet to deflect sunlight away, because its technologically not possible. , which said the proposed spending cuts should be seen in light of a run-up in appropriations since 2017. The GOP's debt ceiling plan, dubbed the "Limit, Save, Grow Act,"includes$4.5 trillion incuts to government spending and returns discretionary spending to fiscal year 2022 levels. That might be fun. )3 Also in the spring of 2020, Congress appropriated $3.6 trillion, $1.9 trillion of which had been disbursed by July 2020. I will spend it fairly quickly. House Speaker Kevin McCarthy (R-Calif.) told reporters late in the day that he thought the bill would still pass this week but acknowledged there were wrinkles that needed to be ironed out. I'll keep eating the way I do. Rowan Hooper, journalist with New Scientist and host of their podcast, and author of How to Save the World for Just a Trillion Dollars The 10 Biggest Problems We Can Actually Fix, recently out in paperback from The Experiment. It estimated that Medicaid, the state-federal health insurance program for the poor, would see 600,000 lose their coverage. This cookie is associated with Django web development platform for python. I will have a whole team of financial experts working with me. But what it could do is the ball is already rolling towards carbon-neutral energy, right? "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. They raised the debt ceiling three times during the Trump administration, she said, but now they are using the full faith and credit of the U.S. to try and force spending cuts Democrats will not accept. Thepassage sets the stage for a debt ceiling showdown between President Joe Biden and House Speaker Kevin McCarthy, R-Calif., who have disputed government spending levels and have not agreed on how to raise the debt ceiling. So you protect those, you end up drawing down more carbon or protecting carbon sources and preserving areas vital for biodiversity. So I think putting lots more money into what were already doing in terms of wind power and solar, especially, but also nuclear, would help just speed up that process of the transition to a carbon-neutral economy, to a carbon-neutral state. ROWAN HOOPER: Well, it is, although thats funny, that chapter, because big physics problems dont actually cost that much. Do you anticipate that your circle of friends will change? If I had a trillion dollars than I could probably spend it. Email us at tech@the-sun.co.uk, Olly Murs breaks down on stage over Caroline Flack 'regret', Fulham's Pereira stretchered off with suspected broken leg in worrying scenes, One dead and seven injured as knifeman goes on bloody rampage near club, We work in top seaside town - tourists queue just to get into the pub, News Group Newspapers Limited in England No. With a million dollars, you could have that first issue comic book you've been dreaming about, or you could feed a small village for a number of years. The rules would cover beneficiaries from age 19 until age 56, with some exceptions, such as for those who are pregnant or caring for young children. Do you see yourself buying a lot more gifts for others? Individual income tax revenues were over $2 trillion in 2021 and 2022 for the first time a 64 percent increase in 2022 over 2020. CQ Roll Call is a part of FiscalNote, the leading technology innovator at the intersection of global business and government. To see all content on The Sun, please use the Site Map. Perhaps I will try to do it now. The bill would suspend the debt limit until March 31, 2024, or until the Treasury had used $1.5 trillion in borrowing authority, whichever arrived earlier. The next million seconds will take 11.6 days. The GOP proposal would slash the federal budget back to levels adopted in the 2022 fiscal year, then cap federal agencies future budgets at 1 percent for the next decade. I will leave the Biden reelection announcement to the Twittersphere to discuss. Three financial firms recently estimated early June as well. I may support an artist, but I don't have any artistic plans for myself. But the Biden administration may run out of options as soon as early June. It does a lot of what the 20 of us did in January, but theyre going to have to follow through on it., My question is, is this what leadership is going to demand from the Senate, or are we going to get something watered down?. ROWAN HOOPER: Yeah. Do you think you will purchase a recreational vehicle? The GOP's debt ceiling plan, dubbed the "Limit, Save, Grow Act," includes $4.5 trillion in cuts to government spending and returns discretionary spending to fiscal year 2022 levels. In 2020, federal income tax revenues were $3.4 trillion. Currentdollar GDP increased 5.1 percent at an annual rate, or $327.9 billion, in the first quarter, to a level of $26.47 trillion. I might do a video series of my world travels. Even if you just found some bacteria or something. This cookie is used to detect and defend when a client attempt to replay a cookie.This cookie manages the interaction with online bots and takes the appropriate actions. Not at all. Asked how he would ensure passage while also vowing to make no changes to the bill to win over needed GOP votes, McCarthy said, The same way weve done it every week when you talk to me about every other bill we bring to the floor. And I think that might start to move us to a new understanding. And the goal is not to show how we can get the money, because Im only a journalist, so I dont have to get the money, but its to offer solutions. LinkedIn sets the lidc cookie to facilitate data center selection. Remember what this bill is: This bill is to get us to the negotiating table. There will definitely be a charity aspect of my new venture. IRA FLATOW: Rowan, we could all use a little bit of optimism these days. My question is, is this what leadership is going to demand from the Senate, or are we going to get something watered down? Rep. Ralph Norman (R-S.C.) told HuffPost. Musk hasnamed himself the "Dogefather"in a tweet which appears to have sent the cryptocurrency Dogecoin soaring. Republicans quickly blasted the financial relief as unfair, claiming that it is wrong to use taxpayer dollars paid, in part, by those who did not attend college to ease the debts of Americans who did. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, , Senior Digital Technology and Science Reporter, A game is offering players the chance to try their luck at spending Elon Musk's net worth, The Tesla boss has amassed a $166billion fortune, Players soon learn that chewing through billions of dollars is more difficult than it might first seem, Items you can 'purchase' include a $50million launch of a Falcon 9 rocket, You can also nab yourself a few dozen $194,000 Telsa Model S electric cars, Musk has enough cash to buy everyone in Los Angeles a $41,000 Rolex, Musk could purchase a fair few New York City apartments, which fetch $1million on average, Elon Musk reveals he has Aspergers as he hosts Saturday Night Live and is joined by his mom on the show, Independent Press Standards Organisation (IPSO). WASHINGTONThe House on Wednesday passed a Republican debt ceiling plan that includes $4.5 trillion in cuts and raises the debt ceiling until May 2024, but Democrats say it won't ward off a potential government defaultthis summer. Credit: Shutterstock. And literally, if you could throw some money at it, throw more money at it than we do now, you might be able to answer that question. If you look at the James Webb Space Telescope, its only just launched. IRA FLATOW: This is Science Friday. "It's about cutting benefits for folks that they don't seem to care much about. ROWAN HOOPER: Well, I think the lowest-hanging fruit is unpaid tax in the United States, which the Treasury estimates at $7 trillion by the end of the decade. IRA FLATOW: I want to explore that a bit more, because you have all kinds of ways to spend the money, but in your conclusion in the end, you narrow down the projects to the most important areas that you think should be recipients of the money. If someone handed you a million dollars, you might feel inclined to hoard it - but the rules of this quiz require that you blow the lot! It would work better. Invest in quality science journalism by making a donation to Science Friday. So I just wanted to show that there are solutions out there, and we can do this. By that, I mean finding life outside of our planet. You also have the option to opt-out of these cookies. That would be another way. You can read an excerpt from the book on our website, sciencefriday.com/trilliondollars. But yeah, to go to the moon, to go to the South Pole, build a base there, start mining water, put up some solar panels you could do that relatively cheaply, with, say, a few of hundreds of billions of dollars. A few people have suggested that. I have read, understood and accepted Gartner Separate Consent Letter , whereby I agree (1) to provide Gartner with my personal information, and understand that information will be transferred outside of mainland China and processed by Gartner group companies and other legitimate processing parties and The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. IRA FLATOW: What was your original goal with this book? And I think that would be actually, now I say it, it sounds a bit like Star Trek, doesnt it? That COVID funding was to sunset as the country returned to normal as it did last year. Heres what you can do about it, and how to balance individual and systemic action. What happens if the US hits the debt ceiling? However, given the direction of current spending, the CBO baseline projects the annual deficit will be over $1 trillion dollars through 2029, and then it goes over $2 trillion dollars for the years spanning 2030-2033. House Republicans would raise the debt ceiling by $1.5 trillion, or suspend it until March 31, 2024, whichever occurs first.

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