Showing posts with label Elon Musk. Show all posts
Showing posts with label Elon Musk. Show all posts

Saturday, October 18, 2025

People are right to doubt government data when Trump's Treasury Department under Scott Bessent leads off with this chart crime of September 2025 federal outlays

 You can access the Treasury's Monthly Treasury Statement here to see for yourself.

The OUTLAYS BY FUNCTION for September 2025 in the Figure 1 graphic DO NOT ADD UP TO $346 BILLION, as stated.

They add up to $560 billion.

The receipts DO ADD UP, almost, to $543 billion.

That the graphic indicates $544 billion, not $543 billion, is another clue that the entire thing is a tendentiously fabricated interpretation of the data from within the report, obviously. 

Well duh.

Meanwhile that "Other" category isn't a Red Flag for nothing!

"Hello! Hey! Yes, you! We're about to pull a fast one! Pay Attention!" 

In the end outlays of $560 billion minus receipts of $543 billion = a September DEFICIT of $17 billion, NOT A F^@KING SURPLUS OF $198 BILLION.

They are asking you to deny the evidence of your own eyes, and they know it. 

It's a total lie, as in Lies, Damn Lies, and Statistics.

When you can't trust the U.S. Treasury Department, who can you trust?

 

The upshot is that Fiscal Year 2025 ends with a deficit of $1.973 trillion, far worse than FY 2024's $1.816 trillion . . . by 8.6%.

But the Trump Regime wants you to think the deficit is smaller than in 2024, at $1.775 trillion, that they're cutting spending by closing agencies and departments and firing federal employees, and increasing revenues through tariffs, et cetera, et cetera, et cetera, and that the Big Ugly Bill is working.

LIES, DAMN LIES, I tell you. 

 



Thursday, October 16, 2025

ROFLMAO: Paxos, blockchain partner of PayPal, mistakenly mints $300 TRILLION PYUSD, world's sixth largest so-called stablecoin pegged 1:1 to the U.S. Dollar with market capitalization of only $2.6 BILLION

 J. P. Morgan explains gold's rise as having something to do, in part, with "waning confidence in fiat currencies."  😏 

Why should anything pegged to fiat be more confidence inspiring, especially involving PayPal?

People who've been permanently banned by PayPal this morning are probably saying, "Couldn't have happened to a finer company".

This event should be good for fiat, and really good for gold, which won't suddenly be minted by anyone to the tune of $300 trillion, at least not until Elon Musk lassoes one of them thar asteroids. 

 

PayPal’s crypto partner mints a whopping $300 trillion worth of stablecoins in ‘technical error’

Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion worth of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” ... 

Transactions on Etherscan showed that the mistake had been fixed after about 20 minutes. 

PYUSD is advertised as a dollar-pegged stablecoin that is fully backed by U.S. dollar deposits, U.S. treasuries and similar cash equivalents. Therefore, PayPal says the tokens are always redeemable for U.S. dollars on a 1:1 basis. 

However, the technical error highlights that the dollar peg is guaranteed by PayPal and its independent third-party attestation reports, rather than intrinsically tied to the minting of a stablecoin. ...

 


 

Thursday, October 2, 2025

Musk rigged the X algorithm to boost his posts above all others, just as he's rigged it to boost those who pay and suppress those who do not

It is in no way the free speech paradise that he claims it is. 

You have to be a fool to pay for the blue checkmark. 

 'I have 100 million followers, and only getting thousands of impressions'...

... “Thanks to the middle-of-the-night participation of 80 company engineers, the ‘high urgency’ issue was quickly solved,” Silverman writes, detailing the changes made that ensured “Twitter’s systems to privilege Musk’s posts above all others.” ...



Friday, August 29, 2025

Trump's federal government spending cuts are non-existent: We're on track to blow $7.3 trillion as expected

 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. 


 

Thursday, August 21, 2025

Trump adds $1 trillion to the national debt in record time and S&P Global underscores its own irrelevance by maintaining the U.S. AA+ credit rating

 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.

 



 


 

Wednesday, August 13, 2025

Elon Musk's phony Doge spending cut math was basically like positing there was a $20,000 credit limit when there wasn't, canceling it and then saying, ‘I’ve just saved $20,000'

 

... 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.” ...

More. 

Friday, July 11, 2025

Elon Musk/DOGE cuts failure continues: Federal deficit spending is 5% higher year to date through June than it was last year at this time, according to the monthly statement of the U. S. Treasury Department

 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%. 


 

Thursday, June 19, 2025

Elon Musk's hair sample for fentanyl, ketamine, etc. comes up negative

 George Floyd wouldn't have died with such results.

 


 


Only five months in lol

 

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.

Wednesday, June 11, 2025

Five months in, the Trump administration still doesn't have spending under control with the fiscal year to date deficit running 13.5% higher than last year to this point

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. 

 


 

Saturday, June 7, 2025

Trump ICE arrests: 100k in 20 weeks

 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. ...

Friday, June 6, 2025

Supreme Court votes 6-3 to allow DOGE access to Social Security data as litigation in the case continues

 

 
... The unsigned order said that members of the DOGE team assigned to the Social Security Administration should have “access to the agency records in question in order for those members to do their work.” ...

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. ...

Thursday, June 5, 2025

It took only a few months of intense familiarity for Elon Musk to develop his complete contempt for Donald Trump and Capitol Hill

 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.

 




Saturday, May 31, 2025

One of Elon Musk's DOGE wizards got the boot for finding that the government works and is not as inefficient as he was expecting

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.

Wednesday, May 28, 2025

CNBC piles on Elon Musk with unfair story about latest test flight of Starship, which was hardly a setback

 

 
SpaceX saw its Starship system explode on Tuesday in a test flight, the third consecutive setback for Elon Musk’s rocket maker.
 
There's a far less biased presentation here: