Trump Backs Elon Musk's Plan to Slash Government Spending

[MicroB]

8 hours ago, stoner said:

 

velcro and duct tape. 😛

 

You forgot Tang.

[stevenl]

58 minutes ago, Yellowtail said:

 

"Data released by the Census Bureau today show that 2019 was a historic year for raising Americans’ living standards. Real median household income reached a record high, and poverty reached a record low. Improvements in income and poverty were the largest in over 50 years. Minority groups—including black, Hispanic and Asian Americans—experienced the largest gains."

 

Incomes Hit a Record High and Poverty Reached a Record Low in 2019 – The White House (archives.gov)

Thank you Barrack, a pity the next guy tried to undo your good work.

[MicroB]

11 hours ago, morrobay said:

This is what it might be about  

 

 

Aka War Dogs. Good movie about FedBiz.

 

 

 

[MicroB]

5 hours ago, Yellowtail said:

Kamala Harris is in charge of the National Space Council. 

 

Elon Musk is in charge of getting the astronauts back that are stranded. 

 

Which job requires more competence? 

 

Same bloke who wanted to build a submarine to rescue a Thai school football team? And then calling one of you lot (foreigners living in Thailand) a "Paedo" when someone suggested he might be mistaken. Hopefully Apartheid Boy isn't actually in charge of things like that.

[Yellowtail]

3 minutes ago, MicroB said:

 

Same bloke who wanted to build a submarine to rescue a Thai school football team? And then calling one of you lot (foreigners living in Thailand) a "Paedo" when someone suggested he might be mistaken. Hopefully Apartheid Boy isn't actually in charge of things like that.

What was Harris' plan, I forgot

[sqwakvfr]

On 9/7/2024 at 1:15 AM, spidermike007 said:

This is very rich coming from a man who raised the national deficit by $7 trillion. He would say or do anything at this point to get elected. His level of desperation is reaching epic and historic proportions. I am having so much fun watching him and Vance meltdown before our very eyes. And I'm sure much of his desperation is driven by the knowledge that he will very possibly be spending some time in prison, if he doesn't get elected.

 

Lock him up. 

 

Yes 7 Trillion in under 4 years in office.  Where did the other 28 Trilion in debt come from?  From both Dem and Rep administrations of the past 20 years.  For the last few years the US Federal Budget has been around 6 Trillion per year.  This is very big number but total Federal Revenue is not even close to this amount.  On average the US Federal Government will collect just slightly over 4 Trillion in taxes. The majority of taxes is collected  from those making over $100,000 per year.  "Just Taxing the rich" will in no way solve this problem because the country will run ouf of rich people".  The Federal Government has to find ways to significantly reduce spending.  Besides national defense and entitlement spending there is plenty of room to cut. The negative impact of the deficit will probaly not be felt until i am long gone.  Of course I am speaking as an old who has fewer days ahead and than the days I have left behind. 

[Yellowtail]

"The debt actually rose $6.5 trillion during Trump’s entire term—and is up $7.9 trillion in less than four years of Biden’s tenure."

 

The Left’s $7 Trillion Lie: Biden Far Outpaces Trump in Racking Up the National Debt | The Heritage Foundation

[MicroB]

7 hours ago, riclag said:

One of the richest guys in the world

attempts at downsizing  un elected bureaucrats in the Washington Establishment!

Think of the billions my country would save!

 

just sayin

 

The irony is that Fred Trump became very wealthy through huge Federal Loans in WW2 and over charging the government to build accomodation for war workers.

 

I guarantee that Musk will not save the US taxpayer a single dollar. Interestingly, Musk ended up in America for the same reason as Trump's grandfather. Trump's grandfather evaded military service by going to America. Musk was facing call up into the South African Defence Forces to go and fight communists in Angola. He didn't want to fight communists in Angola just like Trump the Younger didn't want to fight communists in Vietnam. If he wants to improve America, he could run for Public Office, where I am sure he would be happy to have his own immigration record scrutinized (ie. its technically illegal to change from a H1B visa to a EB5 visa. W hen someone on a student visa drops out of school, then the visa  is no longer in force, and you must leave the US. Thats why its so critical for foreign students, if they want to change school, they really need to get their ducks lined up. Even J1 to green card is frowned upon (this is for postdoctoral researchers in universities trying to get a job in the commercial sector).  J1, like H1, is a non-immigrant visa. If you are highly qualified, and much in need, with a PhD, it might be possible for your employer to petition the U.S. Citizen and Immigration Services, and get your visa without having to leave the country, and apply from outside (which is the proper way).

 

Elon shutting down his brother from talking about when they were illegal immigrants. The Gray Area was fixed thanks to friends with money. Throw money at a problem, problem goes away, especially if that is someone else's  money.

 

 

 

 

I rather have an unelected bureaucrat than a party stooge. The Soviet Union was run by Party Loyalists. China is run by party loyalists. You want America to be like the Soviet Union, be like the Peoples Republic of China. You have misinterpeted Project 25. Its not about you having the chance to elect Brenda at the DMV. Its not about you casting 50,000 votes a year to elect the 50,000 "unelected bureaucrats" that Schedule F would result in, to be replaced by President-approved appointments.

 

Essentially, Project 25 is about creating a Soviet Union of America, where party loyalty, not competance, is the main way to progress in public service. This was how Nazi Germany was run, with crooks and thieves promoted because they had a party badge proving loyalty to the "elected" boss. It resulted in thievery of state assets on a gargantuan scale. It resulted in military incompetance, because no one wanted to tell the Austrian Corporal he hadn't a scooby doo.

 

[ericbj]

I do not endorse everything that is written below, extracted from a free financial newsletter from Wealth Research Group [much of it is here omitted].  I think it could broaden our horizons somewhat even if there are questionable points.

 

It refers to a speech by Trump on the 27th July.

--------------------------

QUOTE:

If you don't love Trump's speech provided below, you're going to miss one of the most important trends of the next decade: decentralization.

 

1. Mr Trump began by complimenting and elevating the talent and genius of the cryptocurrency visionaries while equating them to the steel magnates at the turn of the 20th century.

In just 15 years, Bitcoin made its way from concept to the 9th-largest asset class in the world.

 

2. Donald Trump applauded the atmosphere of community, cooperation, and the high level of human achievement the leaders of the industry possess.

 

3. Trump made it clear that the United States must lead the crypto industry ahead of China not by fighting against them but by excelling.
Unlike the current administration, Trump wants to lead instead of preaching to China that they should bow down.

 

4. I like his next point because he called his presidency the "common sense" approach, and I missed that tactic for the last 30 years of fantasies and insanity.

The best line was this: cryptocurrency will be mined, minted, and made in America.

Trump is not only the first president to address a Bitcoin conference, but he also opened his campaign to donations that have exceeded $25M in crypto.

 

5. I was shocked by the next statistic Vivek shared with Trump: 175M people are already involved with the blockchain industry. He coined this: "Build the future, not block the future."

He promises the government will be the friend of the industry and take drastic action to make the framework clear and simple.

He wants this to be completed within the first 100 days of his term.

 

6. No CBDCs.
 
7.Here is the big one. It’s the one tactic that is the crown jewel for Trump 2024: stablecoin adoption. This will allow investors from around the globe to invest in the dollar through cryptocurrency.

I think this is pure genius since it makes the dollar more important than ever in an era of deglobalisation.

Think of the scores of human beings living in countries where stability of currency is but a dream. They could now peg their savings to the dollar!

 

8. Bitcoin surged 3,900% under Trump’s presidency and 50% under Biden’s.

 

You want the best part?

 

The U.S. government owns 210K Bitcoin, 1% of all the BTC possible, and Trump announced the commencement of TWO policies:

 

• The U.S. government will never sell its Bitcoin.

 

• The 210K BTC will serve as the seed for a strategic core stockpile.

 

[bendejo]

On 9/7/2024 at 7:32 AM, Wuvu2 said:

He did a great job at Twitter, what could go wrong?

 

He did an impressive slash at Twitter: paid $44 billion for it, and trimmed the value down to below $20 billion in record time.  Teaming up with a guy who went bankrupt running an Atlantic City casino, well, look out world! 

https://arstechnica.com/tech-policy/2024/01/since-elon-musks-twitter-purchase-firm-reportedly-lost-72-of-its-value/

 

I used to tell gambling-prone acquaintances that the only way make money from gambling was to own the casino.  DT proved me wrong.

 

[thaibeachlovers]

20 hours ago, stoner said:

 

velcro and duct tape. 😛

Actually many, many things, but people can do that themselves with their friend google.

[stoner]

4 hours ago, ericbj said:

6. No CBDCs.

 

no one will stop this from coming to fruition. digital payments are already the majority. banks wont capitalize ? 

 

ill take that bet. 

[Tug]

12 hours ago, MicroB said:

 

You forgot Tang.

There’s a host of things that have been learned and today benefit all of us….navigation is a biggie image flying across the pacific depending on a sextant like in the old days gps for your car or boat as an older mariner those modern chart plotters and gps take alot of the danger out and make voyages safe + lowering the stress.metals new materials superconductors and on and on….it also along with the need for defense spured on the rapid development of the computers we all use.

[Captain Monday]

I really think we will see a great wave of American expats returning to the US when Trump wins this year. 

 

• No immigrants, no more crime
• Homelessness - solved. They will be moved to concentration camps in the desert 
• Trumps Voodoo economics - History of massive deficitsts but this time he will slash spending,  Pinky promiseHigh tariffs on imports will mean that fears of Inflation will be over. In fact prices will fall to near nothing
• “Woke”  DEI, all over. The queers+ pushed back in the closet and darker skinned people will re-assume their proper place in the MAGA social order. 

 

And plenty of pleasant retirement jobs will available in construction, meatpacking and berry picking. 

Edited September 10 by Captain Monday

[maesariang]

On 9/7/2024 at 11:39 PM, ericbj said:

It is questionable as to whether Trump, who during his presidency contributed massively to increasing the national debt, is the best person to attempt to begin addressing the problem.

 

However he has raised the issue.  And that is better than nothing.

 

Currently, the only alternative candidate for the presidency proposes only doing what will massively increase the debt.  By "money-printing".  Which will be self-defeating, by massively increasing "inflation" [devaluation of the dollar].

 

Reining in an out-of-control debt whose rising interest payments will soon be the greatest item in the budget, requires a planned and multi-pronged strategy.

 

Removal of unproductive and counter-productive employment from government payrolls and their channelling into jobs that provide useful goods and services is but one of many reforms required.

 

Acceptance of being an integral partner in a global community, instead of a global dictator, will lead to massive reductions in foreign policy interventions and the need for 700 or so overseas military bases for so-called "defence".
 
Also required is a devaluation of the dollar [i.e. "inflation"] which needs to be attempted on a conscious, controlled basis - rather than blindly induced.  [if in doubt, see how Spain and Greece have been reducing their national debts]

 

Hard decisions, and hardship lie ahead.  Because of the soft option of "money-printing" that has been used to date.  Which is leading to breakdown and total chaos.

 

The challenges facing the U.S. are as much psychological - a re-thinking of 'solutions' that don't work - as practical.

 

With the right approaches, the U.S. will be able to pass through a dark and difficult tunnel, to re-emerge into a bright future.  It has the potential.  It needs the will.

He spent a lot in 2020 due to covid. 

[maesariang]

On 9/9/2024 at 4:12 AM, ericbj said:

I do not endorse everything that is written below, extracted from a free financial newsletter from Wealth Research Group [much of it is here omitted].  I think it could broaden our horizons somewhat even if there are questionable points.

 

It refers to a speech by Trump on the 27th July.

--------------------------

QUOTE:

If you don't love Trump's speech provided below, you're going to miss one of the most important trends of the next decade: decentralization.

 

1. Mr Trump began by complimenting and elevating the talent and genius of the cryptocurrency visionaries while equating them to the steel magnates at the turn of the 20th century.

In just 15 years, Bitcoin made its way from concept to the 9th-largest asset class in the world.

 

2. Donald Trump applauded the atmosphere of community, cooperation, and the high level of human achievement the leaders of the industry possess.

 

3. Trump made it clear that the United States must lead the crypto industry ahead of China not by fighting against them but by excelling.
Unlike the current administration, Trump wants to lead instead of preaching to China that they should bow down.

 

4. I like his next point because he called his presidency the "common sense" approach, and I missed that tactic for the last 30 years of fantasies and insanity.

The best line was this: cryptocurrency will be mined, minted, and made in America.

Trump is not only the first president to address a Bitcoin conference, but he also opened his campaign to donations that have exceeded $25M in crypto.

 

5. I was shocked by the next statistic Vivek shared with Trump: 175M people are already involved with the blockchain industry. He coined this: "Build the future, not block the future."

He promises the government will be the friend of the industry and take drastic action to make the framework clear and simple.

He wants this to be completed within the first 100 days of his term.

 

6. No CBDCs.
 
7.Here is the big one. It’s the one tactic that is the crown jewel for Trump 2024: stablecoin adoption. This will allow investors from around the globe to invest in the dollar through cryptocurrency.

I think this is pure genius since it makes the dollar more important than ever in an era of deglobalisation.

Think of the scores of human beings living in countries where stability of currency is but a dream. They could now peg their savings to the dollar!

 

8. Bitcoin surged 3,900% under Trump’s presidency and 50% under Biden’s.

 

You want the best part?

 

The U.S. government owns 210K Bitcoin, 1% of all the BTC possible, and Trump announced the commencement of TWO policies:

 

• The U.S. government will never sell its Bitcoin.

 

• The 210K BTC will serve as the seed for a strategic core stockpile.

 

So Trump win btc will rocket

[BigStar]

On 9/7/2024 at 4:22 AM, Tug said:

They have no plan other than to fire everyone….and trump claims to be pro labor…

 

Good plan in contrast to Harris' hire everyone, esp. illegal aliens. Should be jobs opening up in the private sector under Trump, but a lot of those elite, highly intelligent, virtuous gov't hacks working in their useless jobs are unemployable, unaccustomed to real work. Can devote more time to posting anti-Trump rants, I suppose.

 

 

 

 

 

 

 

 

[ericbj]

On 9/9/2024 at 5:39 AM, stoner said:

 

no one will stop this from coming to fruition. digital payments are already the majority. banks wont capitalize ? 

 

ill take that bet. 

 

He does not say "No digital payments."
He says "No CBDCs."

 

While you doubtlessly know that commercial banks create fiat currencies out of thin air by loaning what they do not possess, central banks can go a lot further.  And faster.
If they abolish cash, as they are planning to ["as a move against crime, contagious infection, etc"] they will be in a position to have total control over everyone's earnings and spendings.
That is fine for those with total trust in central banksters.

[stoner]

43 minutes ago, ericbj said:

 

He does not say "No digital payments."
He says "No CBDCs."

 

While you doubtlessly know that commercial banks create fiat currencies out of thin air by loaning what they do not possess, central banks can go a lot further.  And faster.
If they abolish cash, as they are planning to ["as a move against crime, contagious infection, etc"] they will be in a position to have total control over everyone's earnings and spendings.
That is fine for those with total trust in central banksters.

 

Yes I am aware. There will still be cbdc coming soon.