In politics, the ‘fat’ is the juiciest part. It’s what the politicians most want. If you take money from taxpayers to conduct a war, for example, and you spend the money efficiently, what do you get?
Sigh . . . and the needle continues to be stuck in the groove. If anybody out there isn't aware that almost none of what Bill said today is true or accurate hit me up and I'll explain it to you.
Not only is what he said not true, he made up a ton of stuff that some might call misinformation. Take this, for example:
“federal judges have made it clear that the US still has a constitution, and nowhere in it does it give Elon Musk’s DOGE the power to cut federal programs without Congressional action...”
He fails to mention that all these judges have been hand picked, forum shopped, plaintiffs backed by Soros funded groups and he pretends they actually care about the Constitution, much less the country.
He also fails to mention that the WH has won a number of important rulings, that will have reverberations for decades. Or that most of the cases that have granted TROs are very weak and likely to be overturned.
Yesterday morning at 0200 I wrote on X about the weakness in the Trade Court case, and that it would be stayed on appeal. 8 hours later the Appelate Court did not even wait for the lower court to rule in the request for a stay. They took their own initiative and stuffed the proverbial paper right down the throat of the Trade Court judges. They are still choking on it.
The problem here is simple. Bill has a primary trend theory. If he’s wrong he’s screwed. I think he’s correct. But at the moment, things are not going exactly as he’s mapped it out. Hence, he finds numerous ways to obfuscate the issue and ignore the fact that 50% into the plan, he’s only about 20% of the way there.
He’ll be correct in the end. But in the meantime we are forced to put up with crap like this.
Thank you. Yeah he does seem to have taken a much darker turn over the past year or so. It’s somewhat amusing because I have always been a glass half empty person. But reading Bills missives as of late, I feel like a brimming optimist.
Well said. In the end Bill will be correct, but I'm not sure that's laudable. He's had his primary trend theory for a long time, and given the laws of economics his theory will eventually become fact. The question is how many opportunities are being lost while people wait for the inevitable?
Thx. In addition, SCOTUS ruled this morning that the WH can revoke the status of 500,000 illegals from various countries while the lower courts sort it out. Meaning, they will all be gone b4 it ever gets to trial.
I can’t complain about the overall strategy, I’ve done exceptionally well with a slightly modified version. But Bill, and Mish Shedlock and others of similar ilk just want to dump. Curmudgeon’s as my late father would call them. I’m 70, but not playing that game.
It’s amusing to me. I pointed out to Mish on multiple occasions that he was wrong. After the 3rd or 4th time where I turned out to be correct he finally blocked me. So much for free speech. These old guys (lol) just need to lighten up and realize the Silent Generation and the pre 1955 Boomers are no longer in charge. I’m on that cut line, but since today I guess it’s ok to be whatever you want I self identify as Gen X.
You Gen Xer have lots of damage to fix from us Boomers. Thank God you have a president who is attempting to do just that, and with your support, will succeed. As long as President Trump just keeps on winning, so do we:) 🇺🇸🇺🇸🇺🇸
I self identify as male, white and old enough to separate wheat from chafe. There's a whole lot of chafe in Bill's musings these days, thankfully the vast majority here have that figured out. Some days it seems like Bill stumbles out of bed and asks himself, "What can I write that will piss 'em off today?"
I agree with you youngsters in Gen X, who "think" you are old or are getting there. I'm 92. Now, that makes most of you like teenagers, compared to an ancient old soul like myself. However, we can still think alike, irregardless of age.
First, Musk isn't leaving a defeated, disgraced failure as Bill portrays. That's disingenuous because I'm sure Bill knows better. Musk was a "Temporary Employee" and by statute that gave him 130 days. The 130 days expired and he returned to his private sector life.
Second, the worm is turning in the courts. Bill completely ignores this. For example, the administration just won a ruling this week that allows the DOGE staff that are appointed or permanently hired to access the Treasury Department systems. A huge win. Where is that in Bill's missive? See MoodyP's post above for more information on the direction the legal cases are headed. A bunch of ideological lawyers in black robes that make ideological rulings won't hold up.
Third, the work of DOGE continues and the Republicans are in the process of codifying it into law. Though Musk expressed dissatisfaction with the Bill passed by the House that is now in the Senate, Speaker Johnson has said repeatedly that the spending cuts are going to be implemented during the 2025-26 Fiscal Year Budget process that will happen in September ahead of the start of the new Fiscal Year on October 1. Bill is either disingenuous again, or he's uninformed.
I could go on, but it won't change your mind. It's amusing to me that people like you can't seem to grasp that a system that has developed and evolved over 6 or 7 decades can't be seriously modified in what is relatively speaking five minutes. There are many entrenched interests, as Bill is fond of pointing out, that will need to have federal dollars pried from their cold dead fingers (figuratively speaking). Bill obviously never played sports because he would of quit in the second inning when he got down by two runs.
Primarily DOGE exposed to the American people just how corrupt this Democratic government, socialist (to be kind), marxist ( to be more realistic), and finally authoritarian control freaks ( the most realistic bent on taking away the Constitution and replacing it with their views on how climate change and Trans rights should be forced upon society). These people are simply insane rants with not the slightest common sense behind them.
No retort from me will dislodge you from your stern admiration of our current president; from your belief DOGE was the right way to reduce public services; from the deficit increasing spending sought by Trump and especially for his Liberation Day strategy to make all of us pay more for imported goods.
My guess: If a Democrat pitched these initiatives, then you'd find fault with the very tactics Trump is employing.
My opinion: Regardless the political party, not proposing spending that reduces the deficit; imposing tariffs on nearly all countries -- including those with which we have a positive trade balance -- and threatening firms which seek to explain to their customers that price increases are due to tariffs imposed by the president, and firing in a slap dash manner all manner of Federal employees is a disdainful manifestation of power, not thoughtful deliberation
The mid-term elections will prove one of us is correct. Let's check in with each other then
I appreciate and respect your response. I will address a few of your points. It's not "stern admiration for our current president" that you surmise. Rather, it's the recognition that something serious needs to occur quickly or this Republic is toast and there are few other people with the will and tenacity to get it done.
Reagan attempted to address spending (similarly to the way you suggest) and what he got was a Committee and a lot of hot air and nothing got cut. We don't have time for that now. I gather that you don't necessarily disagree with what the current administration is trying to accomplish, but you just don't like the way they're going about it. I have bad news, it's the only way it will actually happen. See Milei in Argentina.
I'm not crazy about tariffs and I can speak first hand. One of my businesses purchases a product that is manufactured in China. That product became 10% more expensive in February and 20% more expensive in March, and depending on how things go, it could get much worse in the future. Those increases haven't come out of my customers' pockets because the mechanics of my business don't allow me to raise prices to recover the increases yet. Here's the thing, I believe Trump absolutely knows exactly who pays for tariffs. I think this is brinkmanship and he will come out ahead, not because he's Mr. Art of the Deal, but because the American market is too valuable to the rest of the world. I (and Trump) may be proven wrong, but as Mr. Buffet famously said, "Don't bet against America" and that's exactly who Trump is betting on.
As for the midterms, if you think a party that defends illegal aliens, felons, men masquerading as women, and that increased federal spending by 50 percent in four years is a good bet against the party that brought in the lowest inflation since 2019 and great unemployment numbers (and I suspect much higher employment participation numbers which is far more important) then I say "good luck" and time will tell.
My litmus test is the national debt. Trump's requested appropriation will not reduce it despite cuts here and there.
And the "valuable American market" will always be accessible.
The roadblock is US importers.
Excluding your business, however, other importers will reach a point where it makes no sense to pay high tariffs if their customers are loath to buy anything reflecting the tariff-caused price increases
But we do have one major disagreement. It's one that I will not dissuade you from your belief that Trump knows what he's doing.
He may know what he wants but he's going about it in the Ready-Fire-Aim manner for which he's famous.
My take: Trump is running the real risk of losing both chambers to the Democrats who'll no doubt have a list of impeachable offenses with which to sully his presidency if not truncate it prematurely.
I'm betting the tariff situation will be very temporary. You contradict yourself on this issue. If "other importers reach a point where it makes no sense to pay high tariffs . . ." then the valuable American market won't be buying. To that I say, there might be access, but no sales. (We have a different view of the term access.)
The only way the national debt gets reduced is if there's a surplus and it gets paid down. Don't you think you're holding Trump to a standard that no President (even Clinton) has reached in what, 75 years? Where was all this criticism when Biden increased Federal spending by 50% on his watch? And if Trump were allowed to cut the things he wants to cut without interference from low level lawyers in black robes he'd be reducing the deficit significantly.
The average guy on main street is not being negatively impacted whatsoever. He knows prices are stabilized or coming down and he's making more money. Thus far this year wage increases have outpaced inflation. The people that will staunchly vote Democrat will never vote any other way. But they are now a minority. That party has no ideas and no plan other than to grow government (which they've done every time they get in charge). Why do you think they're fighting so hard to keep illegal immigrants here? (Please don't tell me it's because we need them to pick lettuce.)
People - pull your heads out. Nothing is changing - well, except the deficit is going up, not down. Same ol' sh*t, just another day. America continues to be loathed by more and more worldwide. The US$ continues its descent into history. The world is re-aligning, the financial system reset, and the credit bubble is starting to explode. Yep - buy the propaganda frothing from Washington and the Media but it won't save you. America isn't the Big, Bad Wolf anymore. It's military is still fighting the last war and isn't prepared for what's ahead. Yep - ol' Bill is full of it. Trump is going to Make America Great Again - in your dreams. And, unfortunately, when you awake and smell the coffee you'll find you have a huge migraine. You don't have to believe the truth or confront reality yet - but one day ahead reality will run you over.
I hope what you express is not correct. Only time will tell. Trump is cleaning up the shit and mismanagement from previous administrations. I am hopeful that the deficit will be decreased when our GDP goes ballistic and the increased tax dollars can be used to lower the deficit. Give the man a chance.
Unfortunately, Abe, I don't think so. Yes - I voted for Trump and stunned that 70 million actually voted for Harris. The BBB is what is ahead. Trump's deficit during Trump 1.0 was over US$6T (that is with a "T") and in his first chance in 2.0 it is close to US$2T. Somethings never change.....and history tells the story. Plus he is still sending weapons and money to Ukraine and supporting the Gaza genocide. Congress isn't going to cooperate and it appears the Judicial System isn't going to allow him to be a Dictator no matter how many Executive Orders he signs. The world is turning against the US$ and the sanctions aren't working. Russia, China, India, Iran, and Saudi Arabia are moving ahead with an alternate to the US$ and Swift System with a growing following worldwide. The World has seen the downside in being US$ dependent. So - like you - I am wishin' and hopin' the financial system doesn't blow up too soon but as the 10-year Treasuries approach 5%, that looks omnious as well. Biden allowed millions and millions into this country illegal and the courts and the liberal left are focused on keeping them here or making it extremely time confusing to fix. States like Connecticut are passing laws to make it illegal for their police forces to aid or support ICE. Others are following. I get it - for America to succeed in the years ahead drastic changes have to happen and that is the point and the problem. The Deep State and all those neocons, Congress hanger-ons, and Government employees plus the Military Industrial Complex are full against it. Keep praying but don't hold your breath......reality is - it isn't going to happen. As always, just an ol' man's opinion.
No reduction in the deficit because the fools on Capital Hill haven't taken their knives out and cut spending . . . yet. But you know what tax cuts have done every time? They increase the revenue that the government collects. That's the kryptonite you Leftists always leave out.
Government is the only operation on the planet where there is no relationship between what it takes in and what it spends. That's why Marxists and Leftists are so drawn to government. More debt? So when the Trump administration wanted to eliminate government employees by the tens of thousands why did the Democrats fight that tooth and nail?
Amazing that 20%-ish of our population is incapable of using facts and logic to arrive at obvious conclusions - yet they are totally immersed in their cult and very few seem able to break free....
I'm convinced that that 20%-ish (though I fear it's higher than that) are partly or entirely dependent on government largess. That's why facts and logic don't matter to them.
Wow. 𝘾𝙖𝙣 𝙮𝙤𝙪 𝙗𝙚 𝙖𝙣𝙮 𝙢𝙤𝙧𝙚 𝙙𝙞𝙨𝙞𝙣𝙜𝙚𝙣𝙪𝙤𝙪𝙨 𝘽𝙞𝙡𝙡? What a load of claptrap, half-truths and assumptions. I'm too bored with your drivel to go through all of the inaccuracies in today's delivery of BS, so just a couple comments on the most egregious:
"𝘉𝘶𝘵 𝘵𝘩𝘦𝘴𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵𝘴 𝘭𝘦𝘢𝘷𝘦 𝘱𝘰𝘰𝘳 𝘌𝘭𝘰𝘯 𝘰𝘶𝘵."
1. Musk could only be involved in his role as Head of DOGE for 130 days 𝗽𝗲𝗿 𝘁𝗵𝗲 𝗖𝗼𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 that you just got done telling us everyone is ignoring. You are insulting your audience by assuming they are as stupid as the typical dimocrat. What a flaccid load of crap and easily disprovable - just one among many.
2. Come back Monday and tell us how wrong you were after watching the Trump/Musk Press Conference later today. What a hateful person you have become, regardless of all your cheerleaders telling us how you just "tell it like it is", when you are actually doing everything BUT that in your missives.
Anyone paying attention and having half a brain always knew the cuts had to be codified by Congress - it's only you and the moron leftardes saying differently now in your ongoing campaign to disparage people who try to fix the situation and to remain on point in your Hoping for the Worst for America doctrine. Not to mention the Big Beautiful Bill has a long way to go from its current form to have a chance to pass the Senate, i.e. spending cuts will be added in, then they will hash it out with the House. More importantly, the Rescission process is getting underway as I linked to yesterday and again below. In other words, almost EVERYTHING is the exact opposite of what you are saying in the childish, TDS-infused crap you are trying to feed us today.
Why would you not write an article discussing the spendthrift attitudes of many Senators as expressed in the "media" over the last 7 days, or the importance of the upcoming Rescission meetings to the goal of realizing actual cuts? Why would you not be imploring all of us to reach out to our Senators and Congressmen DEMANDING spending cuts through both the Senate deliberations and the Rescission process? Instead you give us a snarky, immature list of slants that are nowhere near Truth and are not worthy of anybody's time or energy. Pathetic - AGAIN.
Stop Lying, Bill. You are 𝗿𝗮𝗽𝗶𝗱𝗹𝘆 losing the Respect from me and thousands of others that you had earned over many years....
I've lost all respect for Bill a long time ago. But Bill's venom coalesces the best minds on this page to push back, and for that, I'm grateful. Thank you for your posts.
The author's scorn and derision drip like honey from his pen.
He who laughs last laughs best.
Allow yourself a little more time to revel in your supposed victory.
One of the secrets that obviously didn´t enter your perception is the so-called rescission.
The first is on its way, and for all the fraud that has been uncovered, another one must be carried out.
You should know that the deviously ingenious rules of Congress do not provide for direct savings, but instead demand that any money saved be wasted in other ways. That is the hurdle, not the alleged failure of Musk or DJT's efforts.
It seems to me this is a bit silly. Musk was acting in the capacity of an advisor and had no power to enact anything. The savings will/may result when congress passes the recission packages that are ostensibly on the way. As for the lawsuits, well, in America we have many attorneys. It is hard to imagine that Musk would be liable for anything. His "findings" were merely suggestions that Congress can act upon or not.
This the best assessment of the entire Musk episode. Lots of rants and raving for absolutely nothing. Of course that doesn't mean our "justice" system won't award some idiot lawyer foolishly undermining America. Just look at all the injunctions. A more complete violation of the intent of the constitution could never be created.
At 94 years, Thomas Sowell is an American treasure. Listening to him parallel America's fate with that of the Roman Empire is sobering to say the least. Hearing him explain that civilization is not the natural state of man highlights just how fragile our society is. Thomas Sowell explains the fix, but we're most definitely trending towards the natural state of man. Enjoy :-)
Bill, So ILLEGAL ALIEN removals ruled unconstitutional by hardcore leftist federal judges, who know if those third-world peasants were ever provided amnesty they would vote for an endless amount of free stuff, is just fine with you? Really? The SCOTUS overruled one of them today, thank goodness.
The only way I see to survive as a nation into the future is to stop digging our debt hole deeper. We need to clear the Congressional lobbyists out of the halls of power. We need to cut spending and institute term limits. We need to stop outrageous campaign donations by corporations and individuals. Stop recognizing corporations as people.
But, of course, none of that will happen because our elected and unelected power brokers do not want to actually change anything that will affect their bottom line.
Nope. The ship of state must/will sink before any real change comes. The American Empire must die first and then a new paradigm evolve.
The primary trend is down, down, down. Slowly, at first, and then suddenly.
The elite will fly off their private islands and sip cool drinks while the old, poor and very young die living in cardboard boxes.
Think it can't happen. It is already happening. Look around.
I am so sick of the dog and pony show we call politics. It is insulting.
You blame the lobbyists when it is the politicians that wield all the power. It's the power that the politicians have that attracts the lobbyists. If that power was taken away, the lobbyists would go away because they couldn't get any favors. But not all lobbyists are bad. Some lobby in order to defend their interests against intrusive laws that would destroy their business or make it less profitable (these are the good/moral lobbyists). Other lobbyists attempt to get favors and advantages from the politicians because the politicians have the power to do so (the corrupt lobbyists). Take that power away and there would be no reason to lobby.
There few congress people who can resist a lobbyists with bribes in hand. Sure, some will, but the lobbyists are given pretty much a blank check. As for lobbyists protecting their principal, yes they sure do. They get laws enacted that protect corporations all the time. As for us regular folk. Well, we seldom are considered. We do not make the big contributions to campaigns which legislators live and breathe for. If you are not in the halls of Congress you do not matter. Yes, Congress people do have a lot of power that-- they sell to get re elected.
No not all lobbyists are bad. I agree. But they are often very rich. Why is that? And why do the same Congress people keep getting re elected over and over, especially the ones with big donations from lobbyists?
Let's call what lobbyists do is bribery, plain and simple. That needs to stop. The merit of their advocacy has little to do with what the Congress person hears. What matters is the size of their enticement and when it is presented. Lobbyists are just doing their jobs. Which is advancing their principal's interests. Is that bad? Not always. But it can be/ is contrary to the good of the nation and the populace. Money and gifts do get things done for lobbyists. There should never have been such a way to advocate. It is bribery. Another endeavor would be labelled as such and be illegal.
This practice corrupts the system of representation. Who gets heard and who doesn't?
PS - You say these things and I believe you mean them. How in Heaven's name could you possibly support today's dimocrat party and be so against what Trump et al are trying to accomplish? You seem too intelligent to let Cognitive Dissonance overtake you to such a great degree - but you would not be the first example I have seen of otherwise rational, smart people losing all semblance of normalcy when it comes to politics. SMH...
Bill's knowledge of Article's 2 & 3 of the Constitution and the Federalist Papers is woefully inadequate. But he is right about the impending financial disaster. Trump is fighting everybody in Washington and nobody in the Republican party is offering an assist except for maybe Massie and Paul.
Oh Billy, I believe you are correct on Musk, he screwed the proverbial pooch. However, your assessment of Trumps economic plans; Here I quote Jim Rickards:
'What is the Trump administration’s economic policy? That seems like a simple question. But it does not have a simple answer. The fact is the Trump administration has numerous economic policies. That does not imply chaos or disorder. Each one of the Trump policies is coherent on its own and meshes well with other policies where it matters. That’s the good news.
The bad news is that very few analysts have comprehended all of the moving parts and almost no one can see how they all work together in the big picture. Instead, the media and political opponents are getting spun up about “tariffs,” “the dollar,” and a “Mar-a-Lago Accord” without understanding what those terms really mean, how they are affected by Trump’s proposals and how they actually do form a coherent whole." For more detailed explanation you will have to read his prose.
Could it be you sir, are one of the analysts who fail to see the big picture?
Yes, I have an alternative. My theory is that Bill is NOT smart, as well as being driven by Hate and Envy. 🤣 But, seriously, he hasn't figured out some very fundamental truths and doesn't analyze things from fundamental principles. He's skimming the waves on the ocean surface, and he can describe those waves in every detail. But if you ask him what causes the waves, he has no clue. And it never occurs to him to figure it out or even that it was necessary to figure it out. He mostly gives us superficial analysis and occasionally throws in some historical facts in order to look like he's sophisticated. Some are impressed by this, I'm not.
Haven’t been reading your missives for months!! Things haven’t changed about your false accusations and your incredulous TDS. You need a barn to renovate or a church to build and maybe sit and pray in that church for your salvation Bonner!!
Sigh . . . and the needle continues to be stuck in the groove. If anybody out there isn't aware that almost none of what Bill said today is true or accurate hit me up and I'll explain it to you.
Not only is what he said not true, he made up a ton of stuff that some might call misinformation. Take this, for example:
“federal judges have made it clear that the US still has a constitution, and nowhere in it does it give Elon Musk’s DOGE the power to cut federal programs without Congressional action...”
He fails to mention that all these judges have been hand picked, forum shopped, plaintiffs backed by Soros funded groups and he pretends they actually care about the Constitution, much less the country.
He also fails to mention that the WH has won a number of important rulings, that will have reverberations for decades. Or that most of the cases that have granted TROs are very weak and likely to be overturned.
Yesterday morning at 0200 I wrote on X about the weakness in the Trade Court case, and that it would be stayed on appeal. 8 hours later the Appelate Court did not even wait for the lower court to rule in the request for a stay. They took their own initiative and stuffed the proverbial paper right down the throat of the Trade Court judges. They are still choking on it.
The problem here is simple. Bill has a primary trend theory. If he’s wrong he’s screwed. I think he’s correct. But at the moment, things are not going exactly as he’s mapped it out. Hence, he finds numerous ways to obfuscate the issue and ignore the fact that 50% into the plan, he’s only about 20% of the way there.
He’ll be correct in the end. But in the meantime we are forced to put up with crap like this.
DingDingDing - we have a WINNER:
https://www.thegatewaypundit.com/2025/05/breaking-supreme-court-issues-7-2-ruling-allowing/
NOTE: All Facts and Reality to be completely ignored by BPR....
Thank you for taking the time to write a rebuttal to another one of Bonner's drivelthons, or should I say, droolathons. He's really lost it.
Thank you. Yeah he does seem to have taken a much darker turn over the past year or so. It’s somewhat amusing because I have always been a glass half empty person. But reading Bills missives as of late, I feel like a brimming optimist.
🤣
Well said. In the end Bill will be correct, but I'm not sure that's laudable. He's had his primary trend theory for a long time, and given the laws of economics his theory will eventually become fact. The question is how many opportunities are being lost while people wait for the inevitable?
Thx. In addition, SCOTUS ruled this morning that the WH can revoke the status of 500,000 illegals from various countries while the lower courts sort it out. Meaning, they will all be gone b4 it ever gets to trial.
I can’t complain about the overall strategy, I’ve done exceptionally well with a slightly modified version. But Bill, and Mish Shedlock and others of similar ilk just want to dump. Curmudgeon’s as my late father would call them. I’m 70, but not playing that game.
It’s amusing to me. I pointed out to Mish on multiple occasions that he was wrong. After the 3rd or 4th time where I turned out to be correct he finally blocked me. So much for free speech. These old guys (lol) just need to lighten up and realize the Silent Generation and the pre 1955 Boomers are no longer in charge. I’m on that cut line, but since today I guess it’s ok to be whatever you want I self identify as Gen X.
Have a great weekend. Great posts that you wrote.
You Gen Xer have lots of damage to fix from us Boomers. Thank God you have a president who is attempting to do just that, and with your support, will succeed. As long as President Trump just keeps on winning, so do we:) 🇺🇸🇺🇸🇺🇸
Thanks, I enjoy your posts immensely. Have a great weekend as well.
"I self identify as Gen X."
Welcome aboard....
I self identify as male, white and old enough to separate wheat from chafe. There's a whole lot of chafe in Bill's musings these days, thankfully the vast majority here have that figured out. Some days it seems like Bill stumbles out of bed and asks himself, "What can I write that will piss 'em off today?"
Or has he just taken to drinking and is drunk when writing his columns. That would actually explain a lot.
I agree with you youngsters in Gen X, who "think" you are old or are getting there. I'm 92. Now, that makes most of you like teenagers, compared to an ancient old soul like myself. However, we can still think alike, irregardless of age.
My Dad would have been 92 this year, I miss that Oklahoma common sense. That common sense that doesn't seem to be common these days.
Respect Kenneth; and then compare yourself to the former potus. Looks like the comparison is very much to your favour.
You're preaching to the choir my friend.
i'll bite. Hit me up.
First, Musk isn't leaving a defeated, disgraced failure as Bill portrays. That's disingenuous because I'm sure Bill knows better. Musk was a "Temporary Employee" and by statute that gave him 130 days. The 130 days expired and he returned to his private sector life.
Second, the worm is turning in the courts. Bill completely ignores this. For example, the administration just won a ruling this week that allows the DOGE staff that are appointed or permanently hired to access the Treasury Department systems. A huge win. Where is that in Bill's missive? See MoodyP's post above for more information on the direction the legal cases are headed. A bunch of ideological lawyers in black robes that make ideological rulings won't hold up.
Third, the work of DOGE continues and the Republicans are in the process of codifying it into law. Though Musk expressed dissatisfaction with the Bill passed by the House that is now in the Senate, Speaker Johnson has said repeatedly that the spending cuts are going to be implemented during the 2025-26 Fiscal Year Budget process that will happen in September ahead of the start of the new Fiscal Year on October 1. Bill is either disingenuous again, or he's uninformed.
I could go on, but it won't change your mind. It's amusing to me that people like you can't seem to grasp that a system that has developed and evolved over 6 or 7 decades can't be seriously modified in what is relatively speaking five minutes. There are many entrenched interests, as Bill is fond of pointing out, that will need to have federal dollars pried from their cold dead fingers (figuratively speaking). Bill obviously never played sports because he would of quit in the second inning when he got down by two runs.
Primarily DOGE exposed to the American people just how corrupt this Democratic government, socialist (to be kind), marxist ( to be more realistic), and finally authoritarian control freaks ( the most realistic bent on taking away the Constitution and replacing it with their views on how climate change and Trans rights should be forced upon society). These people are simply insane rants with not the slightest common sense behind them.
Nailed it, Dave. I'm proud of you for wading in (again) to the Moron Kiddy Pool, even though we both know it is futile...
🤣
No need to go on and on.
No retort from me will dislodge you from your stern admiration of our current president; from your belief DOGE was the right way to reduce public services; from the deficit increasing spending sought by Trump and especially for his Liberation Day strategy to make all of us pay more for imported goods.
My guess: If a Democrat pitched these initiatives, then you'd find fault with the very tactics Trump is employing.
My opinion: Regardless the political party, not proposing spending that reduces the deficit; imposing tariffs on nearly all countries -- including those with which we have a positive trade balance -- and threatening firms which seek to explain to their customers that price increases are due to tariffs imposed by the president, and firing in a slap dash manner all manner of Federal employees is a disdainful manifestation of power, not thoughtful deliberation
The mid-term elections will prove one of us is correct. Let's check in with each other then
I appreciate and respect your response. I will address a few of your points. It's not "stern admiration for our current president" that you surmise. Rather, it's the recognition that something serious needs to occur quickly or this Republic is toast and there are few other people with the will and tenacity to get it done.
Reagan attempted to address spending (similarly to the way you suggest) and what he got was a Committee and a lot of hot air and nothing got cut. We don't have time for that now. I gather that you don't necessarily disagree with what the current administration is trying to accomplish, but you just don't like the way they're going about it. I have bad news, it's the only way it will actually happen. See Milei in Argentina.
I'm not crazy about tariffs and I can speak first hand. One of my businesses purchases a product that is manufactured in China. That product became 10% more expensive in February and 20% more expensive in March, and depending on how things go, it could get much worse in the future. Those increases haven't come out of my customers' pockets because the mechanics of my business don't allow me to raise prices to recover the increases yet. Here's the thing, I believe Trump absolutely knows exactly who pays for tariffs. I think this is brinkmanship and he will come out ahead, not because he's Mr. Art of the Deal, but because the American market is too valuable to the rest of the world. I (and Trump) may be proven wrong, but as Mr. Buffet famously said, "Don't bet against America" and that's exactly who Trump is betting on.
As for the midterms, if you think a party that defends illegal aliens, felons, men masquerading as women, and that increased federal spending by 50 percent in four years is a good bet against the party that brought in the lowest inflation since 2019 and great unemployment numbers (and I suspect much higher employment participation numbers which is far more important) then I say "good luck" and time will tell.
My litmus test is the national debt. Trump's requested appropriation will not reduce it despite cuts here and there.
And the "valuable American market" will always be accessible.
The roadblock is US importers.
Excluding your business, however, other importers will reach a point where it makes no sense to pay high tariffs if their customers are loath to buy anything reflecting the tariff-caused price increases
But we do have one major disagreement. It's one that I will not dissuade you from your belief that Trump knows what he's doing.
He may know what he wants but he's going about it in the Ready-Fire-Aim manner for which he's famous.
My take: Trump is running the real risk of losing both chambers to the Democrats who'll no doubt have a list of impeachable offenses with which to sully his presidency if not truncate it prematurely.
I'm betting the tariff situation will be very temporary. You contradict yourself on this issue. If "other importers reach a point where it makes no sense to pay high tariffs . . ." then the valuable American market won't be buying. To that I say, there might be access, but no sales. (We have a different view of the term access.)
The only way the national debt gets reduced is if there's a surplus and it gets paid down. Don't you think you're holding Trump to a standard that no President (even Clinton) has reached in what, 75 years? Where was all this criticism when Biden increased Federal spending by 50% on his watch? And if Trump were allowed to cut the things he wants to cut without interference from low level lawyers in black robes he'd be reducing the deficit significantly.
The average guy on main street is not being negatively impacted whatsoever. He knows prices are stabilized or coming down and he's making more money. Thus far this year wage increases have outpaced inflation. The people that will staunchly vote Democrat will never vote any other way. But they are now a minority. That party has no ideas and no plan other than to grow government (which they've done every time they get in charge). Why do you think they're fighting so hard to keep illegal immigrants here? (Please don't tell me it's because we need them to pick lettuce.)
What do Elon Musk and Thomas Edison have in common? They both got rich off of Tesla.
When Mr. Tesla died the government "acquired" all of his technology and technical notes
and then used that information for the MIC.
Some filtered down to the common man, but the rest is used for other purposes.
...perhaps we should ask the President what his uncle found, as it was in 1943 MIT assigned John G. Trump the task of evaluating Tesla's papers...
Great!!!
Ha! Hahahahahahahaha!!
People - pull your heads out. Nothing is changing - well, except the deficit is going up, not down. Same ol' sh*t, just another day. America continues to be loathed by more and more worldwide. The US$ continues its descent into history. The world is re-aligning, the financial system reset, and the credit bubble is starting to explode. Yep - buy the propaganda frothing from Washington and the Media but it won't save you. America isn't the Big, Bad Wolf anymore. It's military is still fighting the last war and isn't prepared for what's ahead. Yep - ol' Bill is full of it. Trump is going to Make America Great Again - in your dreams. And, unfortunately, when you awake and smell the coffee you'll find you have a huge migraine. You don't have to believe the truth or confront reality yet - but one day ahead reality will run you over.
"You don't have to believe the truth or confront reality yet"
Squaring up with that everyday Ol' Man. And it is beyond obvious that we don't get either of those from Bill Bonner....
I'm beginning to think that he must be related to Bill.
TDS much?
Everyday
You start your rant with "nothing is changing" and proceed to list your perceived changes...
"America continues to be loathed by more and more worldwide"... jealousy?
"The world is re-aligning" ... exactly how? Do you really believe Xi trusts Putin?
"America isn't the big bad wolf anymore" ...oh yeah? sez who? If true, who is threatening our military?
"Trump is going to make America Great Again in your dreams"... so I guess you didn't buy the dip... not a real positive thinker...right?
"You don't have to believe the truth or confront reality yet"... don't know about you but I live every day in reality...
"Reality" and "truth" are subjective based on perspective...
Otherwise we'd all think just like you!
I hope what you express is not correct. Only time will tell. Trump is cleaning up the shit and mismanagement from previous administrations. I am hopeful that the deficit will be decreased when our GDP goes ballistic and the increased tax dollars can be used to lower the deficit. Give the man a chance.
Unfortunately, Abe, I don't think so. Yes - I voted for Trump and stunned that 70 million actually voted for Harris. The BBB is what is ahead. Trump's deficit during Trump 1.0 was over US$6T (that is with a "T") and in his first chance in 2.0 it is close to US$2T. Somethings never change.....and history tells the story. Plus he is still sending weapons and money to Ukraine and supporting the Gaza genocide. Congress isn't going to cooperate and it appears the Judicial System isn't going to allow him to be a Dictator no matter how many Executive Orders he signs. The world is turning against the US$ and the sanctions aren't working. Russia, China, India, Iran, and Saudi Arabia are moving ahead with an alternate to the US$ and Swift System with a growing following worldwide. The World has seen the downside in being US$ dependent. So - like you - I am wishin' and hopin' the financial system doesn't blow up too soon but as the 10-year Treasuries approach 5%, that looks omnious as well. Biden allowed millions and millions into this country illegal and the courts and the liberal left are focused on keeping them here or making it extremely time confusing to fix. States like Connecticut are passing laws to make it illegal for their police forces to aid or support ICE. Others are following. I get it - for America to succeed in the years ahead drastic changes have to happen and that is the point and the problem. The Deep State and all those neocons, Congress hanger-ons, and Government employees plus the Military Industrial Complex are full against it. Keep praying but don't hold your breath......reality is - it isn't going to happen. As always, just an ol' man's opinion.
Starting with the Reagan tax cut…Trump 2017…no reduction in the deficit..No trickle down …More debt
No reduction in the deficit because the fools on Capital Hill haven't taken their knives out and cut spending . . . yet. But you know what tax cuts have done every time? They increase the revenue that the government collects. That's the kryptonite you Leftists always leave out.
Government is the only operation on the planet where there is no relationship between what it takes in and what it spends. That's why Marxists and Leftists are so drawn to government. More debt? So when the Trump administration wanted to eliminate government employees by the tens of thousands why did the Democrats fight that tooth and nail?
Amazing that 20%-ish of our population is incapable of using facts and logic to arrive at obvious conclusions - yet they are totally immersed in their cult and very few seem able to break free....
I'm convinced that that 20%-ish (though I fear it's higher than that) are partly or entirely dependent on government largess. That's why facts and logic don't matter to them.
Well put
Wow. 𝘾𝙖𝙣 𝙮𝙤𝙪 𝙗𝙚 𝙖𝙣𝙮 𝙢𝙤𝙧𝙚 𝙙𝙞𝙨𝙞𝙣𝙜𝙚𝙣𝙪𝙤𝙪𝙨 𝘽𝙞𝙡𝙡? What a load of claptrap, half-truths and assumptions. I'm too bored with your drivel to go through all of the inaccuracies in today's delivery of BS, so just a couple comments on the most egregious:
"𝘉𝘶𝘵 𝘵𝘩𝘦𝘴𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵𝘴 𝘭𝘦𝘢𝘷𝘦 𝘱𝘰𝘰𝘳 𝘌𝘭𝘰𝘯 𝘰𝘶𝘵."
1. Musk could only be involved in his role as Head of DOGE for 130 days 𝗽𝗲𝗿 𝘁𝗵𝗲 𝗖𝗼𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 that you just got done telling us everyone is ignoring. You are insulting your audience by assuming they are as stupid as the typical dimocrat. What a flaccid load of crap and easily disprovable - just one among many.
"𝘈𝘯𝘥 𝘵𝘩𝘦 𝘞𝘩𝘪𝘵𝘦 𝘏𝘰𝘶𝘴𝘦 𝘩𝘢𝘴 𝘱𝘶𝘭𝘭𝘦𝘥 𝘵𝘩𝘦 𝘳𝘶𝘨 𝘰𝘶𝘵 𝘧𝘳𝘰𝘮 𝘶𝘯𝘥𝘦𝘳 𝘩𝘪𝘴 𝘥𝘦𝘧𝘦𝘯𝘴𝘦,"
2. Come back Monday and tell us how wrong you were after watching the Trump/Musk Press Conference later today. What a hateful person you have become, regardless of all your cheerleaders telling us how you just "tell it like it is", when you are actually doing everything BUT that in your missives.
Anyone paying attention and having half a brain always knew the cuts had to be codified by Congress - it's only you and the moron leftardes saying differently now in your ongoing campaign to disparage people who try to fix the situation and to remain on point in your Hoping for the Worst for America doctrine. Not to mention the Big Beautiful Bill has a long way to go from its current form to have a chance to pass the Senate, i.e. spending cuts will be added in, then they will hash it out with the House. More importantly, the Rescission process is getting underway as I linked to yesterday and again below. In other words, almost EVERYTHING is the exact opposite of what you are saying in the childish, TDS-infused crap you are trying to feed us today.
Why would you not write an article discussing the spendthrift attitudes of many Senators as expressed in the "media" over the last 7 days, or the importance of the upcoming Rescission meetings to the goal of realizing actual cuts? Why would you not be imploring all of us to reach out to our Senators and Congressmen DEMANDING spending cuts through both the Senate deliberations and the Rescission process? Instead you give us a snarky, immature list of slants that are nowhere near Truth and are not worthy of anybody's time or energy. Pathetic - AGAIN.
Stop Lying, Bill. You are 𝗿𝗮𝗽𝗶𝗱𝗹𝘆 losing the Respect from me and thousands of others that you had earned over many years....
https://www.independentsentinel.com/great-news-first-rescission-bill-of-doge-cuts-comes-on-monday/
I've lost all respect for Bill a long time ago. But Bill's venom coalesces the best minds on this page to push back, and for that, I'm grateful. Thank you for your posts.
Bill has my utmost respect 🎈The congress you speak of has not passed a budget on time since 1977….only balanced budgets by Clinton and Newt Gingrich…
The author's scorn and derision drip like honey from his pen.
He who laughs last laughs best.
Allow yourself a little more time to revel in your supposed victory.
One of the secrets that obviously didn´t enter your perception is the so-called rescission.
The first is on its way, and for all the fraud that has been uncovered, another one must be carried out.
You should know that the deviously ingenious rules of Congress do not provide for direct savings, but instead demand that any money saved be wasted in other ways. That is the hurdle, not the alleged failure of Musk or DJT's efforts.
Well said, Petra! You hit it out of the park!
Try my best within my limitations. Thank you.
It seems to me this is a bit silly. Musk was acting in the capacity of an advisor and had no power to enact anything. The savings will/may result when congress passes the recission packages that are ostensibly on the way. As for the lawsuits, well, in America we have many attorneys. It is hard to imagine that Musk would be liable for anything. His "findings" were merely suggestions that Congress can act upon or not.
Bonner is depending on his audience being as stupid and uninformed as the people he supports and influences....
This the best assessment of the entire Musk episode. Lots of rants and raving for absolutely nothing. Of course that doesn't mean our "justice" system won't award some idiot lawyer foolishly undermining America. Just look at all the injunctions. A more complete violation of the intent of the constitution could never be created.
Tell the people who lost their jobs and grants that these were suggestions
At 94 years, Thomas Sowell is an American treasure. Listening to him parallel America's fate with that of the Roman Empire is sobering to say the least. Hearing him explain that civilization is not the natural state of man highlights just how fragile our society is. Thomas Sowell explains the fix, but we're most definitely trending towards the natural state of man. Enjoy :-)
https://www.youtube.com/watch?v=ItDFsPqDIEs&t=4s
Bill, So ILLEGAL ALIEN removals ruled unconstitutional by hardcore leftist federal judges, who know if those third-world peasants were ever provided amnesty they would vote for an endless amount of free stuff, is just fine with you? Really? The SCOTUS overruled one of them today, thank goodness.
The only way I see to survive as a nation into the future is to stop digging our debt hole deeper. We need to clear the Congressional lobbyists out of the halls of power. We need to cut spending and institute term limits. We need to stop outrageous campaign donations by corporations and individuals. Stop recognizing corporations as people.
But, of course, none of that will happen because our elected and unelected power brokers do not want to actually change anything that will affect their bottom line.
Nope. The ship of state must/will sink before any real change comes. The American Empire must die first and then a new paradigm evolve.
The primary trend is down, down, down. Slowly, at first, and then suddenly.
The elite will fly off their private islands and sip cool drinks while the old, poor and very young die living in cardboard boxes.
Think it can't happen. It is already happening. Look around.
I am so sick of the dog and pony show we call politics. It is insulting.
You blame the lobbyists when it is the politicians that wield all the power. It's the power that the politicians have that attracts the lobbyists. If that power was taken away, the lobbyists would go away because they couldn't get any favors. But not all lobbyists are bad. Some lobby in order to defend their interests against intrusive laws that would destroy their business or make it less profitable (these are the good/moral lobbyists). Other lobbyists attempt to get favors and advantages from the politicians because the politicians have the power to do so (the corrupt lobbyists). Take that power away and there would be no reason to lobby.
That’s why term limits would end all this corruption. Unfortunately, the wolf votes to take care of the chicken coop. It won’t happen.
There few congress people who can resist a lobbyists with bribes in hand. Sure, some will, but the lobbyists are given pretty much a blank check. As for lobbyists protecting their principal, yes they sure do. They get laws enacted that protect corporations all the time. As for us regular folk. Well, we seldom are considered. We do not make the big contributions to campaigns which legislators live and breathe for. If you are not in the halls of Congress you do not matter. Yes, Congress people do have a lot of power that-- they sell to get re elected.
No not all lobbyists are bad. I agree. But they are often very rich. Why is that? And why do the same Congress people keep getting re elected over and over, especially the ones with big donations from lobbyists?
Let's call what lobbyists do is bribery, plain and simple. That needs to stop. The merit of their advocacy has little to do with what the Congress person hears. What matters is the size of their enticement and when it is presented. Lobbyists are just doing their jobs. Which is advancing their principal's interests. Is that bad? Not always. But it can be/ is contrary to the good of the nation and the populace. Money and gifts do get things done for lobbyists. There should never have been such a way to advocate. It is bribery. Another endeavor would be labelled as such and be illegal.
This practice corrupts the system of representation. Who gets heard and who doesn't?
So, you just restated what I wrote in much fewer words. But if you take the power away from the politicians, the problem is solved.
Look at the bankers as the pimps, the politicians as the whores and the lobbyist as the John’s and we get a better understanding of our world 🤔
The plan is less people, and more of the good life for those in charge (and their lackeys)
Those in charge of the global circus know full well what is happening and are playing the dumb card to fool the proles.
Those of us who are aware are too few in number to change the outcome.
See? There IS still Middle Ground....
PS - You say these things and I believe you mean them. How in Heaven's name could you possibly support today's dimocrat party and be so against what Trump et al are trying to accomplish? You seem too intelligent to let Cognitive Dissonance overtake you to such a great degree - but you would not be the first example I have seen of otherwise rational, smart people losing all semblance of normalcy when it comes to politics. SMH...
Amen
Musk by agreement was only supposed to be there for 4 months
Bill's knowledge of Article's 2 & 3 of the Constitution and the Federalist Papers is woefully inadequate. But he is right about the impending financial disaster. Trump is fighting everybody in Washington and nobody in the Republican party is offering an assist except for maybe Massie and Paul.
What did Trump say about Maddie??
I'm always surprised at how many of these comments denigrate Bill's posts. If reading his
stuff makes them so mad, why do they keep reading it?
I love it because I appreciate the members replies more than BB
Just skimming through. Somestimes there´s a bit of a useful takeaway. But get´s rarer and rarer.
The proverbial question!
Oh Billy, I believe you are correct on Musk, he screwed the proverbial pooch. However, your assessment of Trumps economic plans; Here I quote Jim Rickards:
'What is the Trump administration’s economic policy? That seems like a simple question. But it does not have a simple answer. The fact is the Trump administration has numerous economic policies. That does not imply chaos or disorder. Each one of the Trump policies is coherent on its own and meshes well with other policies where it matters. That’s the good news.
The bad news is that very few analysts have comprehended all of the moving parts and almost no one can see how they all work together in the big picture. Instead, the media and political opponents are getting spun up about “tariffs,” “the dollar,” and a “Mar-a-Lago Accord” without understanding what those terms really mean, how they are affected by Trump’s proposals and how they actually do form a coherent whole." For more detailed explanation you will have to read his prose.
Could it be you sir, are one of the analysts who fail to see the big picture?
I don't believe that - Bill Bonner is too smart.
His ignorant articles are apparently driven by Hate and Envy. Anyone have an alternative theory? I'm all ears...
Yes, I have an alternative. My theory is that Bill is NOT smart, as well as being driven by Hate and Envy. 🤣 But, seriously, he hasn't figured out some very fundamental truths and doesn't analyze things from fundamental principles. He's skimming the waves on the ocean surface, and he can describe those waves in every detail. But if you ask him what causes the waves, he has no clue. And it never occurs to him to figure it out or even that it was necessary to figure it out. He mostly gives us superficial analysis and occasionally throws in some historical facts in order to look like he's sophisticated. Some are impressed by this, I'm not.
Being aware?
"The trouble with our Liberal friends is not that they're ignorant; it's just that they know so much that isn't so."
- Ronald Reagan
"If you're not a liberal when you're 25, you have no heart. If you're not a conservative by the time you're 35, you have no brain."
Thanks for sharing.
Haven’t been reading your missives for months!! Things haven’t changed about your false accusations and your incredulous TDS. You need a barn to renovate or a church to build and maybe sit and pray in that church for your salvation Bonner!!
Bill, your TDS has reached terminal velocity. Everything in todays missive is unsubstantiated and less then truthful..
Bill Bonner's Brain, RIP