Federal employment is 1.1% of civilian population in April 2025: This is the swamp billionaires want to drain

 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. 

 

Real Clear Politics puts up a discussion between two billionaires 43% of whose business is government contracts demanding that government bureaucrats be prosecuted for fraud

The chutzpah of these parasites is really something, but Real Clear should be ashamed for promoting it.

The billionaires complain that expenditures far outpace revenues, but taxes must never be raised to pay for them:

"My answer on tax policy, what should tax rates be? Just always a little bit lower. I'm not going to tell you the number, they should always be a little bit lower."

Billionaires for tax cuts!

Meanwhile the $40 billion USAID budget was nothing but a virtue signaling food for the poor scam to these two:

"And so much of this left-wing philanthropy nonprofit world, I think it was just a cover for borderline criminal activity."

 

Prosecute Bureaucrats for Defrauding Government

Peter Thiel, American Optimist

 

 

This greaseball billionaire Commerce Secretary Howard Lutnick thinks missing a Social Security check, something that never happens, would be no big deal

Howard is otherwise busy firing people and disbanding volunteer industry groups who help the government create important statistics and guidance about things like gross domestic product, population, trade, etc. which people rely on every month to forecast the economy.

 

U.S. District Judge Theodore Chuang in Maryland rules Elon Musk violated the Constitution in dismantling USAID

 

 The ruling is significant because the dopes in the Republican Party just rammed through a continuing spending resolution which fully funds the now severely diminished USAID.

The money must be spent as allocated by Congress.

 

 Judge rules DOGE’s USAID dismantling likely violates the Constitution

WASHINGTON (AP) — The dismantling of the U.S. Agency for International Development by billionaire Elon Musk’s Department of Government Efficiency likely violated the Constitution, a federal judge ruled Tuesday as he indefinitely blocked DOGE from making further cuts to the agency. ...

In one of the first DOGE lawsuits against Musk himself, U.S. District Judge Theodore Chuang in Maryland rejected the Trump administration’s position that Musk is merely President Donald Trump’s adviser.

Musk’s public statements and social media posts demonstrate that he has “firm control over DOGE,” the judge found pointing to an online post where Musk said he had “fed USAID into the wood chipper.” ...

The judge said it’s likely that USAID is no longer capable of performing some of its statutorily required functions. ...

Chuang said DOGE’s and Musk’s fast-moving destruction of USAID likely harmed the public interest by depriving elected lawmakers of their “constitutional authority to decide whether, when and how to close down an agency created by Congress.” ...

 

Our servile GOP senators, who have been completely by-passed by DOGE, try to tell Elon Musk that he can't do that lol, now have to ask pretty please from White House chief of staff Susie Wiles

 

What an absolutely contemptible lot.

GOP senators tell Musk DOGE actions will require their votes 

Republican senators told tech billionaire Elon Musk at a closed-door meeting Wednesday that his aggressive moves to shrink the federal government will need a vote on Capitol Hill, sending a clear message that he needs to respect Congress’s power of the purse. ...

Paul and other Republican senators said Musk appeared open to the idea but didn’t seem to expect DOGE’s cuts and workforce reductions would need to come back to Congress for ultimate approval. ...

GOP lawmakers say Musk’s failure to brief them in advance about impending cuts and funding freezes — or to respond to their questions and concerns about actions taken by DOGE — reflected his belief that he thought the administration could largely bypass them by simply impounding funds lawfully appropriated by Congress. ...

Several GOP senators vented their frustrations over Musk’s operating style — especially his team’s failure to respond promptly to their concerns — at a meeting last week with White House chief of staff Susie Wiles.

Wiles told frustrated senators they should contact her directly with their concerns over funding freezes and reductions in force pushed by Musk and his team of young engineers.

Sources familiar with Wednesday’s meeting said the GOP senators who complained about Musk and his methods last week were much more cordial when they met with him face-to-face in the wood-empaneled Mansfield Room just off the Senate floor. ...

Trump's grifting, shape-shifting billionaire crypto czar David Sacks calls Zelenskyy a grifter lol

 

 David Sacks, a Jewish South-African, is another one of Trump's end-run-around-the-rules appointees like Elon Musk.

Like Musk he is one of Trump's "special government employees" who was not confirmed by the US Senate and who has not divested from all of his private business activities while he influences federal government policy. There is no government oversight of David Sacks.

Sacks licks his finger and checks the wind direction like the rest of his parasitical tech bro friends. He has made large political contributions in the past to the campaigns of both Mitt Romney and later to Hillary Clinton, as well as to RFK Jr., among others.

Like J. D. Vance, he believes in nothing very much except what's good for himself and his friends. "They are very rich people who want to buy political power", according to Edward Luce (below).

Sacks spews a litany of falsehoods about Zelenskyy and Russia's invasion of Ukraine here in an interview with the numbskull Jesse Watters. He has stated that Ukraine provoked the Russians to attack in 2022, a belief which Republicans booed last summer because it isn't true, according to Edward Luce of The Financial Times, who was there:

Sacks said on the opening night of the Milwaukee Republican convention, which I am also attending, that the US “provoked” Russia to invade Ukraine. As much as Sacks denies strenuously that he was booed by delegates. I beg to differ. The sceptical reception to Sacks’ Putin-friendly diatribe was the least unreassuring moment of what is the most dystopian political convention I have witnessed.

Democrat Rosa DeLauro (CT-3) is correct: Elon Musk is an unelected interloper, with no authority and no legitimacy who makes a mockery of the appropriations process

 

 Musk exercises nonexistent dictatorial line-item-veto powers over spending and personnel as a "super cabinet" official who was never confirmed by the US Senate like the other cabinet members he now tells what's what.

The whole scheme is illegal and unconstitutional, which is why Trump is now all of a sudden denying that Musk is head of the so-called DOGE, just like Trump hastily made Musk a special government employee after lawsuits were filed on February 3 questioning Musk's authority.

It's an end run around the constitution no less serious than the National Popular Vote Compact, which seeks to neuter the Electoral College.

Trump has been making this bullshit up as he goes and has been since Musk endorsed Trump after the July assassination attempt and then became part of Trump's circle of intimates in August.

The tech oligarchy got front row seats at the inauguration for a reason.

Congress closing in on shutdown deadline with no clear plan 

“We cannot come to a deal where you hammer out gains, losses, but you come to a conclusion and you come to a meeting of the minds,” Rep. Rosa DeLauro (Conn.), the top Democrat on the House Appropriations Committee, told reporters. “That should not be subject to some third party deciding that that’s not what they want.”

“We had a deal last year, all of us and so forth, and then there was an interloper with no authority, no legitimacy, nonelected, who said, ‘Don’t vote for it,’” DeLauro said, as Democrats have continued to zero in on tech billionaire Elon Musk, the head of Trump’s Department of Government Efficiency (DOGE).

The billionaires never say, Raise taxes now or face an economic heart attack

 

The word "tax" appears nowhere in this story.

Ray Dalio is worth $19 billion.

 

Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’

 

“Make sure that you really know what you’re doing and you’re practical, and do it on … the conservative side, because you know, how much can the cutting actually be?”

 

PEW: 54% of Americans express unfavorable views of Elon Musk

Here:

Musk is viewed more negatively than positively overall. More than half of Americans (54%) express unfavorable views of the billionaire, while 42% view him favorably.

• 73% of Republicans view Musk favorably, while about a quarter (24%) view him unfavorably.
• Just 12% of Democrats rate Musk favorably, while 85% view him unfavorably.

 

Trump's new Treasury Secretary, Scott Bessent, has given Elon Musk control of the payment systems which control everyone's Social Security and Medicare benefits

 

 Billionaire Elon Musk’s deputies have gained access to a sensitive Treasury Department system responsible for trillions of dollars in U.S. government payments after the administration ousted a top career official at the department, according to three people who spoke on the condition of anonymity to describe government deliberations.  

On Friday, Treasury Secretary Scott Bessent approved access to the Treasury’s payments system for a team led by Tom Krause, a Silicon Valley executive working in concert with Musk’s “Department of Government Efficiency,” the people said. 

David A. Lebryk, who served in nonpolitical roles at Treasury for several decades and had been the acting secretary before Bessent’s confirmation, had refused to turn over access to Musk’s surrogates, people familiar with the situation told The Washington Post. Trump officials placed Lebryk on administrative leave, and then he announced his retirement Friday in an email to colleagues. 

Spokespeople for Treasury and DOGE declined to comment. 

The sensitive systems, run by the Bureau of the Fiscal Service, control the flow of more than $6 trillion annually. Tens of millions of people across the country rely on the systems. They are responsible for paying Social Security and Medicare benefits, salaries for federal personnel, payments to government contractors and grant recipients, and tax refunds, among tens of thousands of other functions.

More.

These guys are up against the debt ceiling and are obviously looking for other ways than the customary "extraordinary measures" to cut spending under the circumstances of a new administration trying to pass new tax and spending legislation. That's why Trump has offered buyouts to government workers so they quit, among other novel spending gambits like freezing program spending for 90-days.

The Treasury stopped paying into certain accounts from January 17th, before Trump and Musk took over, as part of the extraordinary measures undertaken by Treasury Secretary Janet Yellen to keep from hitting it.

She's been keeping the national debt at $36 trillion to $36.2 trillion ever since Thanksgiving.

It's all very troubling, as elected officials like to say.

Typically, only a small group of career employees control the payment systems, and former officials have said it is extremely unusual for anyone connected to political appointees to access them. 

Toddler billionaire throws tantrum, strips critics of paltry incomes earned on X in bid to shrink platform to his size

 

Elon Musk Defends Stripping Critics of Monetization Amid Free Speech U-Turn

Musk continued to receive even more backlash after he doubled down on his stance, endorsing a post which suggested Americans were too “retarded” to be hired for skilled positions and warning his critics in an expletive-laden rant.

 

Well, (((Laura Loomer))) is not wrong

 

 A MAGA ‘Civil War’ on X between Musk and the far right over H-1B visas

The online rift over the H-1B skilled-worker visa program signifies a potential wedge between Trump’s core base and his new Silicon Valley supporters.

Far-right activists clashed online with billionaire Elon Musk and other supporters of President-elect Donald Trump over the need for a skilled-worker immigration program that has long been a lifeblood for Silicon Valley — signifying a potential rift between Trump’s core nationalist base and technology executives who have come to support him.

The fight that spilled into public view over the holiday week could preview a wedge within Trump’s coalition over how to execute immigration policy, an issue that animated Trump’s White House campaign.

The controversy spread across X after far-right activist Laura Loomer on Monday criticized Trump’s choice to name Sriram Krishnan, a technology entrepreneur and investor who was born in India, as his senior policy adviser on artificial intelligence. She pointed to Krishnan’s previous support for removing some caps on H-1B visas, a program allowing foreigners with technical skills to work in the United States. The policy is “in direct opposition” to Trump’s agenda, Loomer wrote.

The critique ran headlong into tension with some of Trump’s closest advisers, notably Tesla and SpaceX CEO Musk; David Sacks who will be the president-elect’s AI and crypto czar; and Vivek Ramaswamy, who will co-lead a commission to cut government spending. “‘Normalcy’ doesn’t cut it in a hyper-competitive global market for technical talent,” Ramaswamy said. “And if we pretend like it does, we’ll have our a--es handed to us by China.”

The online fight sparked a slew of racist posts from Loomer falsely describing Indians as “third world invaders" with low IQs, while saying it is fueling a “civil war” between Trump’s far-right base and the “tech bros” that have come to support his upcoming administration. ...

 

 

 

Trump's first defeat lol: You might say the two billionaires were shown who's boss

 Second continuing spending resolution goes down in flames, after Elon Musk and Donald Trump said Nay to the first one, which never even came to a vote. Speaker Johnson and the Democrats had worked on that compromise deal for three months.

The roll call vote is here.

CNBC story here.

Extremely amusing.

 

The Republicans Who Said Nay

Billionaire Marc Andreessen loves him some plutocracy, which his beloved Thomas Jefferson would have taxed into oblivion

Trump's so-called party of populism has given us a cabinet teeming with billionaires.

Welcome to rule by the rich. We deserve them, good and hard.

Andreessen's hero, Thomas Jefferson, would have taxed them all into oblivion to keep their baneful influence from destroying republican government. Thomas Jefferson was an advocate of what we have known as steeply progressive taxation.

But billionaire Andreessen thinks you are too dumb even to know that.

Hell, he's probably too dumb to know that.

 

"Exempt all from taxation below a certain point, and tax the higher portions of property in geometrical progression as they rise."

The whole point of stories like this is to make you think "crony capitalism" isn't a description of what's been going on and continues to go on right now

 

 Ken Griffin just hates tariffs, which funded the (necessarily very small) federal government until the 20th century.

Meanwhile he's afraid the 12,000 lobbyists which already populate Washington procuring handouts like the Chips Act's billions of dollars for businesses will be replaced with 12,000 other ones lobbying for something else, ROFLMAO.

 

 Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism

“I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism,” the billionaire investor said Thursday at the Economic Club of New York. ...

“Those same companies that enjoy that momentary sugar rush of having their competitors removed from the battlefield, soon become complacent, soon take for granted their newfound economic superiority, and frankly, they become less competitive on both the world stage and less competitive at meeting the needs of the American consumer,” Griffin said at the event. ...

“Now you’re going to find the halls of Washington really filled with the special interest groups and the lobbyists as people look for continued higher and higher tariffs to keep away foreign competition, and to protect inefficient American businesses have failed to meet the needs of the American consumer,” Griffin said.

 

Ilhan Omar standing with billionaire Alex Soros is all about the Benjamins, baby

The parade of Democrats posing for this same picture this year has been really something.

 

Oh gee, what a surprise, Kamala Harris has a radical black anti-American, anti-semitic pastor named Amos Brown, just like Barack Obama had Jeremiah Wright

The guy's so bad Senator Diane Feinstein walked out on him, as did Governor Gray Davis, both Democrats:

At a memorial service for victims of the 9/11 terror attacks held just six days after al Qaeda murdered nearly 3,000 Americans, Brown used the occasion to point the finger at the United States in remarks that, according to the San Francisco Chronicle, "set a lot of people’s teeth on edge" and "left politicians stunned."

"America, is there anything you did to set up this climate?" Brown asked the audience. "Ohhhh—America, what did you do?"

"America, what did you do two weeks ago when I stood at the world conference on racism, when you wouldn't show up?" Brown continued, referring to his participation in the United Nations World Conference Against Racism, which the United States and Israel boycotted citing concerns about anti-Semitism.

Brown’s diatribe jarred a mostly liberal audience, the Chronicle reported, noting that the late California senator Dianne Feinstein (D.) and former California governor Gray Davis (D.) left during his remarks. ...

Brown’s radical politics have also veered into anti-Semitism. He served as a delegate to the 2001 United Nations World Conference Against Racism held in Durban, South Africa, and best known for equating Zionism with racism. The United States and Israel walked out of the conference over that resolution, expressing dismay that a conference ostensibly devoted to combating hatred had devolved into a hate fest. ...

He serves on the California Reparations Task Force and has called for cash payments to the descendants of slaves from "billionaires in San Francisco," according to the New York Times.  The pastor held a "Solidarity for Reparations" event at his church in 2022 and told the San Francisco Chronicle in 2021 that "America is a racist country." ...

He has visited Harris at the White House at least twice and told Religion News Service this week Harris remains a "dues-paying member" of his church. "For two decades now, at least, I have turned to you," Harris said of Brown in her remarks to the National Baptist Convention 2022.

The story is here.

Billionaire Mark Cuban is what Moe would call a very intelligent imbecile

 

Nominal GDP for 1Q2024 was revised down $28.6 billion in the second estimate today: What's the big picture?

 Nominal GDP came in at a revised $28.255 trillion.

Sounds like a lot, right?

Here's the big picture.

From 1947 to 2000, nominal GDP grew at a compound annual rate of 7.26%.

From 2000 to 2024, nominal GDP grew at a compound annual rate of 4.42%, 39% lower.

The year 2000 marks the US opening to China, and the great wealth transfer out of the US from the middle class under globalism, creating new middle classes there and elsewhere.

We are poorer for it, but we have lots more billionaires now and you can read all about it on your Apple iPhone made by slave labor while you eat your 40% more expensive hamburger from McDonalds since 2019.

USA overwhelms China for most millionaires and billionaires, but 13,500 wealthy Chicoms fled China in 2023

The U.S. is the top country for millionaires and billionaires :

The U.S. has rapidly overwhelmed China as the world’s top spot for millionaires and billionaires, according a new report.  

There are now more than 5.5 million Americans with liquid investible assets of more than $1 million, up 62% over the past decade and well above the global growth rate of 38%, according to the 2024 USA Wealth Report from Henley & Partners and New World Wealth.

Over the past five years, the population of millionaires in the U.S. has grown 35%, nearly twice as fast as China’s. The U.S. is now home to 37% of the world’s millionaires, up from 35% in 2018.

The divergence grows even more at the top of the wealth ladder. The U.S. has 9,850 centi-millionaires — those worth $100 million or more — compared with China’s 2,352. The U.S. has about 788 billionaires to China’s 305.

“The USA remains the world’s undisputed leader in private wealth creation and accumulation,” according to the report.

Dominic Volek, group head of private clients at Henley, said the strict Covid lockdowns in China coupled with increases in its government intervention in the private sector have slowed the growth in wealth creation.

“China has certainly slowed a lot due to these elements and the U.S. has benefited,” he said.

The shift from China to the U.S. is also reflected in wealth migration patterns. A net 13,500 Chinese millionaires left China in 2023, marking a new record. The U.S. had a net inflow of 2,200 millionaires in 2023 and a projected inflow of 3,500 in 2024, according to the Henley report.