News U.S. Senate Passes $76 Billion Chip Production Subsidies Bill

[Admin]

The U.S. is getting closer to supporting local chipmakers with billions of dollars.

U.S. Senate Passes $76 Billion Chip Production Subsidies Bill : Read more

 

[Deleted member 362816]

Wonder where the money is coming from?

https://www.usdebtclock.org/

 

[rluker5]

Still not as much as Taiwan or Korea, but at least it is improving the relative subsidy imbalance.
It is good to support local real GDP. Without that the support services part of GDP isn't funded. Also a better use than roundabouts or "green energy initiatives"

 

[spongiemaster]

Wonder where the money is coming from?

https://www.usdebtclock.org/

The benefit to the US economy should prove net positive over the long run. If China goes after Taiwan, the impact will be far far greater.

 

[mwestall]

Wonder where the money is coming from?

https://www.usdebtclock.org/

The US has a fiat currency, the money comes from thin air, like all money. Sovereign debt is all notional and is purely based on faith. It is effectively infinite, hence more debt in the world than assets.