Monday, February 3, 2025

Elon Musk and Donald Trump stop USAID payments authorized by Congress, some of which Marco Rubio used to be for before he became Secretary of Suck-Up and is now against

I expect a federal judge to intervene on this one perty quick like.

The sums involved are paltry, but Elon Musk amusingly makes a mountain out of this molehill and says “This is our shot. This is the best hand of cards we’re ever going to have,” he said. “Now or never.”

Seems more like an admission that it will be impossible to slay the federal leviathan.

Elon Musk says he and Trump are shutting down USAID

... Congress annually appropriates money for USAID to spend, primarily for foreign aid and internationally focused charities. Its budget for the 2023 fiscal year was about $40 billion, according to a report last month from the Congressional Research Service. That’s a tiny fraction of the overall federal discretionary spending of $1.7 trillion. ...

A 1974 federal law known as the Impoundment Control Act says that the president generally cannot withhold funds that Congress has approved. Some Trump aides argue that the law is unconstitutional, foreshadowing a potential fight in the courts. ... 

 


 


Sunday, February 2, 2025

RFK Jr gets a nicotine fix during Senate testimony

Yeah, that's what we want to see in our next Secretary of Health.

Ciga-reetes, and heroin, and wild, wild Olivia Nuzzis, they'll drive you crazy, they'll drive you insane.



 

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. 




Some Americans abuse drugs so everyone must pay 25% more for avocado toast

 


Trump tariffs will increase costs of fruits, vegetables, potatoes, and grains, among a hellish host of things


 

... The sweeping tariff could make more expensive a host of items that the U.S. imports from its neighbors. Among the common Mexican imports that will now get pricier to bring into the country: fruits, vegetables, beer, liquor and electronics. And from Canada: potatoes, grains, lumber and steel. ...

Trump is enacting the tariffs under the International Emergency Economic Powers Act, which allows the president to respond to “extraordinary threat,” which Trump has identified as a fentanyl and drug crisis that he alleges China, Mexico, and Canada facilitate. ...

More.

Because some Americans use illegal drugs, Trump is punishing all Americans.

Makes sense, right?

I mean George Floyd's blood fentanyl level was fatal and we lit the nation's cities on fire because of it, so yeah, we deserve it.

Saturday, February 1, 2025

Trump used a phony picture of California lol

 


J. D. Vance is practicing his ad hominem attacks for 2028 on a misguided Jesus lover from the UK

 


Black Hawk helicopter collision with passenger jet was part of a routine, annual re-training of night flights on a standard corridor for a continuity of government mission

 Crashed US Army Black Hawk unit was responsible for doomsday readiness

... The three soldiers killed in the collision were part of the 12th Aviation Battalion at Fort Belvoir in Virginia, whose responsibilities in a national crisis include evacuating Pentagon officials. Another 64 people were killed in the passenger plane. ...

You would think a president who needs the votes of a senator from Maine to confirm his nominees would give it a minute before imposing tariffs on Canada, its primary trading partner

But you would be wrong.

 



Incompetence from sea to shining sea: Trump releases water needed for summer agricultural irrigation in the San Joaquin Valley to fight fires but that water will simply evaporate in Tulare Lake


 

... The two reservoirs are used to hold supplies for agricultural irrigation districts. Nemeth noted that winter is not the irrigation season for farms, which require more supplies to grow crops in the summer months, “so there isn’t a demand” for the water in the San Joaquin Valley at this time. ...

Peter Gleick, a water scientist and senior fellow at the Pacific Institute, said dam managers would typically only release large quantities of water in the winter when major storms create a need to make space for large inflows of runoff. But Southern California has been very dry and the snowpack in the southern Sierra remains far below average, so “there is no indication that that’s why these releases occurred.”

“In addition, when those kinds of releases do occur, they’re always done in consultation with local and state agencies,” Gleick said.

“I don’t know where this water is going, but this is the wrong time of year to be releasing water from these reservoirs. It’s vitally important that we fill our reservoirs in the rainy season so water is available for farms and cities later in the summer,” Gleick said. “I think it’s very strange and it’s disturbing that, after decades of careful local, state and federal coordination, some federal agencies are starting to unilaterally manipulate California’s water supply.”

Vink agreed, saying that given how dry it has been in the region this winter, there was no need to make such a release. In fact, he said, farmers were counting on that water to be available for summer irrigation.

“This is going to hurt farmers,” Vink said. “This takes water out of their summer irrigation portfolio.” ...

 




It's great to be a Trumpist

 Trump Media gifts DJT shares to FBI pick Kash Patel, Linda McMahon and president’s son

Trump Media this week gifted thousands of shares of company stock to President Donald Trump’s nominee for FBI director, Kash Patel, to Trump’s eldest son and to four other board members, new regulatory filings show.

The company awarded 25,946 stock shares each to Patel, Donald Trump Jr., and the president’s pick for Education secretary, Linda McMahon, who all serve as Trump Media directors, the filings Thursday reveal.

Three other directors — former U.S. trade representative Robert Lighthizer, Eric Swider and Kyle Green — received the same number of DJT shares at no cost, according to Securities and Exchange Commission filings.

The filings said the awards were granted Tuesday. Trump Media that day closed trading at $30.04 per share.

At that price, the shares have a paper value of more than $779,400. But most of the stock awarded has restrictions on when it can be sold. ...

 

Friday, January 31, 2025

Core pce inflation in 2024 at 2.8% remains higher than at any point since 1992, progress down looks stalled since 1Q2024: The Fed's weak tea hasn't worked

 

year over year annually

year over year monthly

year over year quarterly

Little Marco is the joke

 Rubio on buying Greenland: ‘This is not a joke’

Gold hits new record high of $2,800.99, climbs as high as $2,817.23 before the close

 


Gold prices scaled an all-time high on Friday, briefly touching the $2,800 mark, as market participants rushed to the safe-haven asset after U.S. President Donald Trump reiterated his tariff threats.

Spot gold steadied at $2,795.52 per ounce, after hitting a record peak of $2,800.99 earlier in the session. Prices rose more than 6% for the month and 1% for the week.

U.S. gold futures were little changed at $2,820.10.

More

PM Update:

Gold prices surpassed the key $2,800 mark for the first time ever on Friday, fuelled by a rush to safety on U.S. President Donald Trump’s tariff threats, which heightened concerns about global economic growth and inflationary pressures.

Spot gold rose 0.6% to $2,810.55 per ounce, after hitting a record high of $2,817.23 earlier in the session.

U.S. gold futures were little changed at $2,822.90, trading at a premium to spot gold rates.

Thursday, January 30, 2025

Trash headline from Drudge says airline CEO blames US Army for last night's collision at DCA

 I've watched the videos. He doesn't blame anybody. The helicopter collided with the passenger jet on its descent to land at Reagan National. We don't know why.

Meanwhile Trump is already shooting his mouth off about DEI under his predecessors being to blame when there are still bodies in the wreckage in the water.

Trump sucks. Drudge sucks.

 



You'd think a 71-year old guy like RFK Jr would know something about Medicare Parts A, B, C, and D, but you would be wrong

He is not qualified, on top of being a lunatic.

 RFK Jr. stumbles over basics of Medicare, Medicaid during Senate confirmation hearings

When asked what Medicare Part A is for, Kennedy said it is “mainly for primary care or physicians.” Hassan clarified that it is coverage for seniors who receive inpatient care at hospitals. 

Kennedy, when asked what Medicare Part B is, said it is “for physicians and doctors.” Part B is coverage for a range of medical services such as doctor visits, outpatient care, home health, certain medical supplies and preventive services.

When asked what Medicare Part C is for, Kennedy called it “the full menu of all the services – A, B, C and D.” Hassan noted that Part C is also known as Medicare Advantage, which are privately run plans contracted by Medicare. Those plans serve as an alternative to traditional Medicare plans. 

Kennedy insisted that he “just explained the basics” of the program, but Hassan said she had to correct him on several things.

 

On the surface today's report of real gross domestic product is actually pretty good


 

 The first estimate of real GDP for 4Q2024 and for annual 2024 has been reported here, 2.3% and 2.8% respectively.

On a big picture basis, the compound annual growth rate for real annual GDP 2020-2024 came in at 3.55% per annum, which compares very favorably with 1929-2007 at 3.45% per annum.

Unfortunately 2007-2024 is still wallowing at 1.957% per annum.

The country got over the Great Depression, but we're still working on the Great Recession.

Germany's Friedrich Merz angers ex-Chancellor Angela Merkel over harder line against "irregular migration" supported by AfD


 

 Merz, determined to show his center-right Union bloc’s commitment to cutting irregular migration after a deadly knife attack last week by a rejected asylum-seeker, put a nonbinding motion to parliament calling for Germany to turn back many more migrants at its borders, although it might need AfD’s backing to pass. The measure squeaked through thanks to the far-right party’s support. ...

Merz took over the CDU after Merkel, a former rival, stepped down as chancellor in 2021. A more conservative figure, he has taken a more restrictive stance on migration. He said last week that Germany has had a “misguided asylum and immigration policy” for a decade — since Merkel allowed large numbers of migrants into the country. ...

AfD lawmakers celebrated after Wednesday’s vote while others sat stony-faced. Merz said he had sought a majority in the “democratic center” and he regretted that didn’t happen. But he also insisted that “a correct decision doesn’t become wrong because the wrong people approve it.”

On Friday, the [Christian Democratic] Union plans to call a vote on months-old proposed legislation that calls for an end to family reunions for migrants with a protection status that falls short of asylum. The measure also could pass with AfD votes, though it would need approval from parliament’s upper house, which is uncertain.

More.