India’s government is weighing spending cuts across parts of the budget as higher oil prices inflate subsidy bills and threaten to derail its fiscal consolidation plans https://t.co/WaRfPBY0jM
looks like rajesh exports flew too close to the sun and took central government money? if they hadn’t embarrassed GoI they might have been fine for a long time lol
@kchoudhu i have a line in claude dot md about always preferring simple clean solutions and using defensive coding and abstractions only when really justified
@Birdyword i think it is fine if the fix is most of the 20% gap is plugged with borrowing.
eventually bond yields will get so high they will force a fiscal reckoning but there is will be no appetite for systematic deficit reduction before that
I wrote about the Social Security trust fund this week, which is set to run dry some time in 2032-33. The fund has been saved before, notably in 1983 by a bipartisan deal that broadened the tax base and raised the retirement age. Ask yourself: can you imagine such a deal now?
openai and anthropic need to get rid of the cheap plans. people use the $20 claude and come away with extremely flawed understanding of what is possible