The chutzpah is amazing.
This is the moment when the whole meeting descended into chaos and hurtled toward failure.
Here Zelenskyy explains how Ukraine tried diplomacy with Putin after Putin took Crimea in 2014, but Putin broke the agreements they made.
J. D. Vance then attacked Zelenskyy, as if Zelenskyy had orchestrated this media shit show in the first place to make him look bad.
But J. D. looked bad all by himself. He didn't need any help at all.
What a disgrace.
This after reversing himself this week, Trump saying he didn't call Zelenskyy a dictator and then called him the best president Ukraine has had, which was obviously all a set up for this public attack and humiliation.
The attack was telegraphed by the reporter asking why Zelenskyy didn't wear a suit for the meeting. Everyone knows Zelenskyy hasn't worn a suit to meet with anyone since the war started in 2022, an act of solidarity with his troops whose clothing he wears.
The last 10 months have seen the year over year measure fluctuating between 2.88% and 2.63%.
Honest to God, these people are clowns.
Republicans consider major budget change to obscure deficit impact of extending Trump’s tax cuts
... Extending the Tax Cuts and Jobs Act, which Trump signed into law in 2017, would cost $4.6 trillion over a decade, according to the Congressional Budget Office, the official nonpartisan scorekeeper.
That’s under the “current law” metric that has traditionally been used, as the tax cuts are slated to expire at the end of this year. But Senate Republicans want to use a different scoring method called the “current policy” baseline, which would assume that extending tax cuts costs $0 because they’re already law.
The chair of the tax-writing Senate Finance Committee, Sen. Mike Crapo, R-Idaho, endorsed the “current policy” approach, telling reporters that it “recognizes that extending current law does not change the tax policy, does not reduce tax revenue.”
Congressional GOP aides say the idea could have a huge impact on what they’re able to pass in the budget bill. If they use the current accounting process, they have no chance of making the 2017 tax cuts permanent, because that would require paying for it. And this process would also be key to unlocking Trump’s other tax proposals, like slashing taxes on tips and overtime pay. ...
Rep. Richard Neal, D-Mass., said it would set a “terrible” precedent if Republicans adopt that budgeting approach.
He said it would be a backdoor way to nuke the filibuster and take an anything-goes approach to the reconciliation process, which Congress can use once per fiscal year to evade the 60-vote rule in the Senate for changes to spending and taxes. The process imposes significant constraints, like needing to pay for long-term laws that add to the U.S. debt.
“My advice is: If they adopt that policy, we should advise the American people to forget about their credit card debt,” Neal said. “You wouldn’t have to analyze revenue and expenditure.” ...
The budget framework passed this week by the GOP House is guaranteed to raise the national debt by $19 trillion in 10 years, which means we'll be $60 trillion in the hole by 2035.
All the shenanigans and pretending and make believe used over the years to get us to the current point of $36 trillion in debt, trotted out yet one more time aren't going to stop us from a date with $60 trillion in debt.
WE ARE NOT A SERIOUS COUNTRY.
A federal judge on Thursday ordered the Office of Personnel Management to rescind earlier instructions telling federal agencies to “promptly determine whether these employees should be retained at the agency.”
The directions, communicated in a Jan. 20 memo and Feb. 14 internal email, are “illegal” and “should be stopped, rescinded,” Judge William Alsup of the Northern District of California said from the bench. ...
“The Office of Personnel Management does not have any authority whatsoever under any statute in the history of the universe, to hire and fire employees within another agency,” Alsup said Thursday night. “It can hire its own employees, yes. Can fire them. But it cannot order or direct some other agency to do so.”
“OPM has no authority to tell any agency in the United States government, other than itself, who they can hire and who they can fire, period. So on the merits, I think, we start with that important proposition,” he said. ...
More here.
A crucial March meeting of vaccine advisors to the Food and Drug Administration has been canceled without explanation, a member of the advisory panel told CNBC on Wednesday. ... CDC data shows the flu has caused up to an estimated 910,000 hospitalizations since October, which puts the season on track to be the most severe in at least a decade. ...
Reported here.
The barbarians are inside the gates.
. . . Roberts issued an interim order placing on hold Washington-based U.S. District Judge Amir Ali’s action that had imposed a deadline of 11:59 p.m. on Wednesday night.
Roberts provided no rationale for the order, known as an administrative stay, which will give the court additional time to consider the administration’s more formal request to block Ali’s ruling.
Roberts asked for a response from the plaintiffs - organizations that contract with or receive grants from the U.S. Agency for International Development and the State Department - by noon on Friday.
More here.
The story posted at 10:14pm last night.
Elon Musk’s business empire is built on $38 billion in government funding
... Musk is one of the greatest beneficiaries of the taxpayers’ coffers. ... He has been a big beneficiary of national industrial policy, especially Democrat industrial policy, through government funding. ...
About a third of Tesla’s $35 billion in profits since 2014 has come from selling federal and state regulatory credits to other automakers. The credits are given to automakers that meet certain standards, including selling a certain percentage of zero-emission vehicles. Tesla is the largest seller of these credits to automakers that don’t meet the standards and want to avoid paying a fine.
These credits played a crucial role in the company’s first profitable quarter in 2013 and its first full year of profitability in 2020, according to Securities and Exchange Commission filings. Without the credits, Tesla would have lost more than $700 million in 2020, marking a seventh-consecutive year with no profits, according to an analysis of SEC filings.
With the credits, the company instead reported a $862 million profit.
While Musk has advocated for ending the EV tax credit for consumers, he has said little about these regulatory credits. ...
Nearly a tenth of government money that has benefited Musk’s companies
comes from agencies in eight states, including California. ...
In 2016, SpaceX’s success in securing federal contracts prompted rival Jeff Bezos, founder of Blue Origin (and owner of The Washington Post), to say in a company meeting: “Elon’s real superpower is getting government money,” The Post reported. “From now on, we go after everything that SpaceX bids on.”
More.
Musk's many government subsidized businesses are just the currently most prominent examples of American fascism. For bigger ones simply look into the defense industry, the energy industry, or healthcare, or Amazon's early no-sales-tax arrangement which allowed it to become the retail behemoth that it is. President Eisenhower warned us about this long ago, but we're so used to it now that we just take it all for granted.
Real capitalism is swallowed up by the combine between the taxation authority holding a gun to your head, taking your money, and giving it to the corporations.
That's the racket. That's the American way.
Three months and counting.
The federal government is expected to blow through $7.266 trillion in fiscal 2025.
That's $20 billion EVERY DAY.
The deficit is projected to be $1.781 trillion in fiscal 2025.
That's overspending of nearly $5 billion EVERY DAY.
We need a 25% spending cut, or a 25% tax increase, or some combination of the two.
But Republicans plan to cut taxes by $4.5 trillion and increase spending on the military, on the border, on deportations, and on energy deregulation (ha ha ha, they have to spend money to make money).
This is not a serious country.
 |
| https://taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary |
House Republicans hit the brakes on town halls after blowback over Trump’s cuts
... “Obviously we’re very aware of those headlines,” a Republican National Committee official familiar with the dynamics said.
“I don’t know that a specific edict is going to come down from on high that they need to stop or anything, but a message I believe has been clearly sent that this narrative should end very soon,” the official said. “Probably the best way for that to happen is no more town halls. Elon Musk’s work still has the administration’s support, period.” ... “Pathetic astroturf campaigns organized by out-of-touch, far-left groups are exactly why Democrats will keep losing.”
“Ukraine, I will say they’re very brave, and they’re good soldiers, but without the United States and its money and its military equipment, this war would have been over in a very short time,” Trump added on Tuesday. ... Zelenskyy had also noted that any assistance Ukraine was still receiving was a legacy of the previous U.S. administration under Joe Biden . . ..
Reported here.
Betraying Ukraine is just another day's work in February 2025, but the question is, Who will it next be, in May 2025?
 |
| "We just signed an agreement . . . the Taliban will be killing terrorists." |
 |
| "Up until yesterday I still believed Hong Kong has the rule of law." |
The Council on Foreign Relations here says the cost to the US for the UN is north of $18 billion in 2022.
Foreign Policy here says the annual budget for the UN in 2023 is $3.4 billion.
New York City claimed in 2016 that the UN provides an economic benefit to the city of $3.7 billion in 2014, which means US taxpayers subsidize that benefit to New York City.
Meanwhile the United Nations Relief and Works Agency in Gaza was infiltrated by Hamas terrorists who participated in the Oct 7 massacre in Israel, which American taxpayers are also subsidizing.
Why is Donald Trump letting this continue?
Why isn't it in the news?
Why isn't DOGE going after that?
Why isn't it a top priority?
Reported here:
A Washington Post-IPSOS poll last week found that 49 percent of adults disapprove of the job Musk is doing, contrasting with just 34 percent who approve.
Notably, while Democrats and Republicans broke along predictable lines, independent voters disfavored Musk by a 2-to-1 margin, 52 percent to 26 percent.
... The two votes on Monday were the latest sign of a dramatic reversal of America’s bipartisan policy since World War II of standing diplomatically and militarily with Europe to defend against the threat of Soviet and later Russian aggression.
It is a shift that congressional Republicans have, with very few exceptions, silently watched unfold.
Sen. Mitch McConnell, R-Ky., the chairman of the Defense Appropriations Subcommittee, issued the most fulsome GOP dissent to date against President Donald Trump’s position on Ukraine.
McConnell, in a statement, called Trump’s unfolding policy reversal
“disgraceful” and “unseemly” and suggested it was a reprise of the
appeasement that led to World War II.
“‘Peace for our time’ is a noble end, but hope that appeasement will check the ambitions of this aggressor is as naïve today as it was in 1939,” McConnell said, referring to British Prime Minister Neville Chamberlain’s famous remark after signing the Munich Agreement and Germany’s subsequent invasion of Czechoslovakia. “America is right to seek an end to this war, but an end that fails to constrain Russian ambition, ensure Ukrainian sovereignty, or strengthen American credibility with both allies and adversaries is no end at all.”
Such a “hollow peace,” he said, would “invite further aggression,” a reference primarily to the lesson China might take away from a demonstration of wilted U.S. resolve.
... virtually no GOP lawmakers besides McConnell have directly criticized Trump’s emerging plan . . ..
No stories up at Real Clear Politics.
None at Just The News.
"If we don't cover it, it didn't happen".
On Nov 29, 2024 the yield curve averaged 4.356 in the aggregate, after which we began to see duration normalize.
On Feb 21, 2025 it averages 4.357.
Now, however, there are seven securities in the Bills category, not just six, with Treasury rolling out the new 1.5-month (6-week) security as part of debt-ceiling-forced "extraordinary measures". There are five in the Notes, and two in the Bonds.
Duration normalization has now partly reversed because of the extraordinary measures, at least on a weekly basis, with yields for Notes once again falling below those for Bills on average on Friday.
If you count just the traditional 1MO, 3MO, 6MO, and 1Y among the Bills, the Bills yield average is nearly identical to Notes at 4.2825.
These falling yields may be both signaling and spurring increased purchasing of UST, including among the Notes to lock in an anticipated disappearance of opportunity as Bills issuance surges to fund the Treasury General Account. The increased issuance of Bills means yields fall across the curve, at least temporarily, as investors lock in.
The special 6-week security rolled out at 4.41 on 2/18 and was paying 4.39 on Friday vs. only 4.15 for the 1Y and 4.42 for the 10Y, the latter's lowest yield all month. Falling yields for the 10Y is a specific goal of the Treasury under Trump. Evidently the temporary 6-week Bill is helping them achieve that . . . for now.
Reported Feb 5 and Feb 6:
Bessent's focus on 10-year US Treasury yield may let Fed off the hook
..."The president wants lower interest rates and ... in my talks with him, he and I are focused on the 10-year Treasury," Bessent said. "He is not calling on the Fed to lower rates. He believes that if we ... deregulate the economy, if we get this tax bill done, if we get energy down, then rates will take care of themselves and the dollar will take care of itself." ...
10-year Treasury yield drops as traders digest news on issuance, fresh data
... The [Treasury] department also said it will be issuing more short-term bills than usual as it uses “extraordinary measures” to keep the government operating while Congress battles over the debt limit. That announcement came despite new Treasury Secretary Scott Bessent previously criticizing his predecessor, Janet Yellen, for issuing unusually large amounts of shorter-term debt. ...
But The Federalist has its blinders on. Biden baaaaaaad! Trump gooooood!
"Let's see if we can find some naive kid to write a story about it!"
By Defending Free Speech Worldwide, Team Trump Reclaims America’s Global Moral High Ground:
Under President Donald Trump, the suppression of natural rights by Western powers will no longer be ignored by the United States.
Yep, J. D. Vance goes to Europe to beat up on our friends. But suppression of freedom will be ignored, in places like Russia, Saudi Arabia, and China. And above all in Ukraine.
This is the essence of libertarianism: Make the good the enemy of the perfect.
But defending freedom where it really counts would take some courage, and they don't have it.
The author of this article, who graduated from college in 2022 with a BA in political "science", ends it touting the execrable Darren Beattie at Marco Rubio's State Department, a Taiwan surrender monkey.
The article is the second in the queue at Real Clear Politics this morning. One goes there looking for some serious editorial judgment and gets this.
Trump/Vance don't have the moral high ground. They are just the cowardly other side of the same old hypocritical American coin.
... Bongino ran for a U.S. Senate seat in Maryland in 2012 and for congressional seats in 2014 and 2016 in Maryland and Florida, after moving in 2015. He lost the three races. ...
The new Director of the Federal Bureau of Investigation (FBI) Kash Patel has reportedly told the agency's staff to ignore Elon Musk's request to justify their work or lose their jobs.
"For now, please pause any responses," reads a message sent by Patel on Saturday to all FBI personnel, calling for employees to wait for a coordinated response from the bureau. ...
For all of Trump’s and Musk’s talk of efficiency, their policies will likely slow down the government. The state needs capacity to perform core tasks, such as collecting revenue, taking care of veterans, tracking weather, and ensuring that travel, medicine, food, and workplaces are safe. But Trump seems intent on pushing more employees to leave and making the civil service more political and an even less inviting job option. He bullies federal employees, labeling them as “crooked” and likening their removal to “getting rid of all the cancer.” A smaller, terrified, and politicized public workforce will not be an effective one.
To start, let’s dispense with the notion that the government is too big. It is not. As a share of the workforce, federal employment has declined in the past several decades. Civilian employees represent about 1.5 percent of the population and account for less than 7 percent of total government spending. According to the nonpartisan Partnership for Public Service, seven out of 10 civilian employees work in organizations that deal with national security, including departments—such as Veterans Affairs and Homeland Security—that the public supports.
The reality is that the federal government has long faced a human-capital crisis. ...
More.
The country is $36 trillion in debt because it is not taxing enough, and hasn't been taxing enough since Ronald Reagan. We pretend we can borrow to infinity for what we want, but we can't afford it all anymore. That is why they're surrendering to Putin, and taking a meat cleaver to DC.
This is not a serious country, otherwise a South African wouldn't be running it.
A very unfortunate but accurate Freudian slip.
And the idea that "we're not going to telegraph our negotiating posture" is just laughable on its face. The administration has publicly said Ukraine won't get any land back and will not become part of NATO, both of which are concessions before negotiations have even begun.
These people are a joke, a very bad joke.
Left is, finally and above all, lack of respect for property.
-- Oswald Spengler, The Hour of Decision, 1934
