The Elon Musk-DOGE spending cut affair was pure theatre.
When I said we spend $20 billion a day I wasn't kidding.
OK, it's only $19.869794 billion a day.
Meanwhile revenues are expected to fall short by $4.842671 billion PER DAY in 2025.
The Elon Musk-DOGE spending cut affair was pure theatre.
When I said we spend $20 billion a day I wasn't kidding.
OK, it's only $19.869794 billion a day.
Meanwhile revenues are expected to fall short by $4.842671 billion PER DAY in 2025.
Trump tariff revenue expected to offset tax bill impact, S&P says in U.S. credit rating hold
... "We could lower the rating over the next two to three years if already high deficits increase ..." lol.
These people are afraid of Trump.
They don't want to be singled out for Trump's daily Two Minutes Hate.
They don't want to be the next Jerome Powell, or Lisa Cook, or Volodymyr Zelensky.
Meanwhile year to date the Trump deficit is running $112 billion ahead of Biden's last deficit. DOGE so-called spending cuts and Trump Tariffs have done nothing to reduce it.
... DOGE’s savings calculations are based on faulty math. The group uses the maximum spending possible under each contract as its baseline — meaning all money an agency could spend in future fiscal years. That amount can far exceed what the government has actually committed to pay out.
Counting this “ceiling value” gives a false picture of savings for taxpayers.
“That’s the equivalent of basically taking out a credit card with a $20,000 credit limit, canceling it and then saying, ‘I’ve just saved $20,000,’” said Jessica Tillipman, associate dean for government procurement law studies at George Washington University Law School. “Anything that’s been said publicly about [DOGE’s] savings is meaningless.” ...
The fiscal year to date deficit October 2023-June 2024 was $1.273258 trillion.
The fiscal year to date deficit October 2024-June 2025 is $1.337372 trillion, $64.114 billion higher than a year ago, or 5%.
Mike Waltz is also missing lol.
To be fair, only Tulsi Gabbard and Mike Waltz worked in an official capacity, and they remain in official positions.
In 2017 seven people got the ax by June, eighteen by the end of the year.
Deficit FY 2024 through May: $1.202 trillion
Deficit FY 2025 through May: $1.364 trillion
Difference: $162 billion MORE in the hole than last year at this time
I don't care what Elon Musk's DOGE claims, the May numbers from the US Department of the Treasury do not lie.
A tax increase was never more needed.
At this rate Trump will arrest just over 1 million illegals in four years, that's it.
If ICE could sustain 2,000 arrests a day from here on out, 2.6 million would be the total, out of many millions more claimed to be in the country illegally.
As with DOGE, campaign promises are easier to make than they are to keep.
ICE arrests under Trump top 100,000 as officials expand aggressive efforts to detain migrants
Arrests by Immigration and Customs Enforcement during President Trump's second term topped 100,000 this week, as federal agents intensified efforts to detain unauthorized immigrants in courthouses, worksites and communities across the U.S., internal government data obtained by CBS News shows.
On Tuesday and Wednesday, ICE recorded more than 2,000 arrests each day, a dramatic increase from the daily average of 660 arrests reported by the agency during Mr. Trump's first 100 days back at the White House, the federal statistics show. During President Biden's last year in office, ICE averaged roughly 300 daily arrests, according to agency data.
The latest numbers show ICE is getting closer to meeting the far-reaching demands of top administration officials like White House deputy chief of staff Stephen Miller, an immigration hardliner who has forcefully pushed the agency to conduct "a minimum" of 3,000 arrests each day.
On Thursday morning, ICE was holding around 54,000 immigrant detainees in detention facilities across the country, according to the data. The Trump administration is asking Congress to give ICE billions of dollars in extra funds to hire thousands of additional deportation officers and expand detention capacity to hold 100,000 individuals at any given point. Officials are also looking at converting facilities inside military bases into immigration detention centers. ...
U.S. District Judge Ellen Hollander had ruled that DOGE had no need to access the specific data at issue. The 4th U.S. Circuit Court of Appeals, based in Richmond, Virginia, declined to block Hollander’s decision, leading to the Trump administration to file its emergency request at the Supreme Court. ...
Elon made his Oval Office farewell just six days ago, and now look at them.
Elon is an exceptionally accomplished person in the auto industry, the communications industry, and the space industry. He's not a perfect man by any stretch of the imagination, but he stands head and shoulders above the puny little rejects of the political class, a bunch of climbers whose sole ambition in life is to control the $7.2 trillion in its hands this particular fiscal year. That must have been pretty boring to be around, and frankly beneath him.
No good deed goes unpunished.
... “I would say the culture shock is mostly a lot of meetings, not a lot of decisions,” Lavingia told Fast Company in the piece, which also noted that he noticed the number of mission-driven people working in government. “But honestly, it’s kind of fine—because the government works. It’s not as inefficient as I was expecting, to be honest. I was hoping for more easy wins.” ...
More.
In an interview with The Washington Post published Tuesday, Musk said that the federal bureaucracy is “much worse than I realized” and that DOGE became “the whipping boy for everything.”
Fiscal 2025 deficit, October-April: $1.049 trillion
Fiscal 2024 deficit, October-April: $0.855 trillion
Increase in the deficit in 2025 Oct-Apr: $194 billion
Meanwhile CNBC blows smoke up your ass:
The worst it ever got was 2.4% in December 1952 while Truman was still president.
The leisure class of state capitalism has to have something to complain about.