HackerNews Summary (2023-06-28 03PM)

Source: US public debt is projected to reach 181% of American economic activity in 30 years

Summary
The Congressional Budget Office warns of ever-increasing deficits and government spending in the U.S., estimating that public debt will reach a record 181% of economic activity by 2053. However, the CBO projects lower deficits after 2042 due to lower borrowing and interest rate costs. Lawmakers will face constraints in spending as healthcare and Social Security costs rise, driven by an aging population. Revenues are expected to increase after 2026, primarily from individual income tax receipts when Trump’s tax cuts expire. The report also highlights the risk of persistently high inflation affecting the government’s long-term position.

Fact

💰 Publicly held debt is projected to reach a record 181% of American economic activity by 2053.

💼 Revenues are expected to increase after 2026, primarily due to increased individual income tax receipts after the expiration of Trump’s tax cuts.

📆 The report projects that debt as a percentage of the gross domestic product will be 2 percentage points higher in 2023 than previously estimated in last year’s report.

📉 The labor force participation rate is projected to decline to 60.3% in 2053 from the current rate of 62.2%.

🏭 The report estimates a 4.7% unemployment rate for the U.S., despite the current jobless rate sitting at 3.7%.

🔒 The debt ceiling was suspended until 2025 in return for spending restrictions, work requirements for older adults receiving food aid, and approval for a natural gas line.

Source: glycerine/zygomys: Zygo is a Lisp interpreter written in 100% Go. Central use case: dynamically compose Go struct trees in a zygo script, then invoke compiled Go functions on those trees. Makes Go ref

Summary
Zygomys is an embedded scripting language for Go that allows you to create a Domain Specific Language to drive your program with minimal effort. It is written in Go and supports modularity, type checking, and readable nested method calls.

Facts

💻 Zygomys is an embeddable scripting language for Go that has a Lisp-like syntax and an object-oriented flavor.

📝 The language provides an interpreter and a REPL (Read-Eval-Print-Loop) for an interactive command line interface.

🔧 Zygomys plays nicely with Go programs and Go structs, using reflection to instantiate trees of Go structs from the scripted configuration.

📚 The language is suited for creating complex configurations and providing projects with a domain-specific language.

🔀 Zygomys blends traditional Lisp syntax with syntax borrowed from Clojure and Go.

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