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Earlier this year, Elon Musk's Department of Government Efficiency (DOGE) uncovered $4.7 trillion in untraceable Treasury Department payments. Prior to the discovery, Treasury Account Symbol (TAS) identification codes were optional for $4.7 trillion in Treasury Department payments, so they were often left blank and were untraceable. The field is now required to increase "insight into where the money is actually going," the Treasury Department and DOGE announced in February. "Of the 1.5 billion payments that we send out every year, they are required to have a TAS, a Treasury Account Symbol. We discovered that more than one third of those...

Friday, in a clip that aired on MSNBC’s “Morning Joe,” Sen. Ron Johnson (R-WI) said President Donald Trump’s so-called “Big Beautiful Big” was unacceptable in its current form, as passed by the House of Representatives. Johnson told a reporter on Capitol Hill, “I couldn’t care less if he’s upset. I’m concerned about my children, my grandchildren, and the fact that we are stealing from them. We are stealing from our children and grandchildren. $37 trillion in debt, and we’re going to add to it as Republicans? That is unacceptable.” He added, “And that’s why there’s no way I’m going to...

The Trump administration has released its FY2026 budget proposal, and it contains some interesting tidbits. Let's look at some highlights.The recommended funding levels result from a rigorous, line-by-line review of FY 2025 spending, which was found to be laden with spending contrary to the needs of ordinary working Americans and tilted toward funding niche non-governmental organizations and institutions of higher education committed to radical gender and climate ideologies antithetical to the American way of life.We also considered, for each program, whether the governmental service provided could be provided better by State or local governments (if provided at all). Just as...

In a stunning revelation, the Trump administration’s Department of Government Efficiency (DOGE) announced the discovery of nearly $5 trillion in unaccounted-for government spending. The massive government oversights are due to a previously optional financial tracking field linking US Treasury payments to specific budget line items. For reference, under Elon Musk’s leadership, DOGE aggressively pursues the elimination of government waste and promotes transparency in federal spending, a key priority of President Donald Trump’s administration. The executive order signed on President Trump’s first day in office is a temporary White House initiative with an 18-month mission; the department has already uncovered massive...

This is why it is all hands on deck to stop Elon Musk’s DOGE team. On Monday, Elon Musk’s DOGE revealed the federal government didn’t trace $4.7 trillion in payments. $4.7 trillion dollars in payments were left blank, making it nearly impossible to trace, DOGE said. “The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process),” DOGE explained in a post on X. “In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible. As of Saturday,...

The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock to resolve an issue regarding oversight into the asset manager’s investments in FDIC-regulated banking organizations, Bloomberg News reported on Sunday, citing three people with knowledge of the matter. The FDIC may open an investigation into BlackRock and demand more information from the company if it fails to make sufficient progress toward resolving the issues, the report said. The move by the FDIC follows a Jan. 10 deadline that BlackRock failed to meet, according to the report. snip BlackRock, Vanguard and State Street now collectively control some...

We just passed a level of debt-service costs scarcely before even imagined. First, we hit a level of debt years ago that seemed astonishing at the time when the national debt topped one-trillion dollars for the first time in over 200 years of being a nation. Recently, we hit the insane level where just the deficit that adds to the debt each year hit one-trillion dollars a year. We, then, soared almost immediately right past that to where we had a trillion-dollar deficit more than twice a year. And now, today, we finally hit the outer limits where just the...

The U.S. began adding $1 trillion worth of debt about every three months beginning last June, a Bank of America investment strategist Michael Hartnett first pointed out in an investment note published last week. The national debt is currently $34.48 trillion and rising. It surpassed $34 trillion for the first time in U.S. history on Jan. 4. Three months prior, the debt first reached $33 trillion on Sept. 15, 2023. Three months prior to that, it first reached $32 trillion on June 15, 2023. “The national debt is the amount of money the federal government has borrowed to cover the...

The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months. U.S. debt, which is the amount of money the federal government borrows to cover...

In many ways, Speaker Johnson didn’t bail out Democrats from a tough political predicament as much as he did his own Republican members.The outline of the spending agreement House Speaker Mike Johnson, R-La., cut with Democratic leaders sounds bad on its face. But the underlying reasons for that agreement seem far worse.As I wrote last week, “Speaker Johnson and Republican ‘leadership’ … bailed the Democrats out of the predicament they put themselves in last May.” To which I should make an important addition: In many ways, Johnson didn’t bail out Democrats from a tough political predicament as much as he...

The European Union appears undeterred by years of calamitous climate policies, with EU Commission Chief Ursula von der Leyen demanding new taxes and other schemes to take green agenda investment into the “trillions”. Leaders from around the world descended (many of whom on private jets) upon the oil-rich Arabian nation of Dubai for the 28th instalment of the United Nation’s top annual climate summit, in which politicians demand that ordinary citizens bankroll their lofty visions of a so-called green future.

While in New York City to give a speech at the United Nations, President Biden declined to meet with Mayor Eric Adams. "I was hoping to get some support from my Party's president to help us afford the billions of dollars in extra expenses the flood of migrants is costing us," Adams said. "Without some sort of a federal bailout we're going to have to cut city services across-the-board. That will hurt the poorest of our residents, most of which are American citizens." Presidential Press Secretary Karine Jean-Pierre chastised Adams "for dumping his local problems on the President. President Biden...

African-American law professors and critical race theorists are urging the United Nations to order America to pay millions of dollars to each black citizen, reports the London Daily Mail. That would cost America over $200 trillion, many times the size of its economy. Some left-wing legal scholars claim reparations are required by international human-rights treaties signed by the U.S. or by customary international law. Their effort reflects the reality that reparations are very unpopular among American taxpayers, so there is little chance that the federal government will pay reparations, unless it is ordered to do so by the UN. 63...

DeSantis 101May 25, 2023 | Sundance | 74 CommentsNow that the people who created, manage and construct the branding for Ron DeSantis have finally made the admission to push their puppet into the 2024 race, we should probably talk about what the person representing their quest is all about.First, the obvious. Notice how the managers will not allow Ron DeSantis to hold a public campaign event in Florida? This is a tenuous time for them, and they cannot allow the optics of DeSantis being protested by Republicans in his home state to undermine their effort. DeSantis must be shielded in...

More than $250 billion in Covid-19 relief funds were lost to “fraud” and “waste,” the directors of three US government agencies testified before the House Oversight and Accountability subcommittee on Thursday. Compounding what Deputy Inspector General Sheldon Shoemaker of the Small Business Administration (SBA) called “the biggest fraud in a generation,” the officials stressed that the figures they gave represented an extremely conservative estimate of the total amount lost as they did not include the amount defrauded from the Pandemic Unemployment Assistance program. According to a statement submitted by Shoemaker ahead of the hearing, the SBA has already uncovered $190.7...

And even all that spending isn’t enough: Social Security’s “unfunded liabilities” — how much money the government would need today to make up the difference between the money that will be paid into Social Security in the future and the benefits that have been promised — is about $40 trillion. How much is $40 trillion? It is all the money in the world — literally: All the cash in circulation, plus all the deposits in checking accounts and savings accounts, adds up to about $40 trillion. That is a big hole to climb out of. Just as inflation can cause...

After a multi-day standoff filled with plenty of Democrat-on-Democrat combat, President Joe Biden came to Capitol Hill on Friday with his agenda in doubt and delivered a clear message to a fractious party: Come on, man. A simple half-hour kumbaya session between Biden and House Democrats on Friday afternoon seemed to forestall an imminent collapse of the party’s marquee policy package: a $1 trillion bipartisan infrastructure deal, as well as a separate, still-undefined, multi-trillion dollar economic and social policy plan. But it also meant that Democrats were set to leave Washington this week without any agreement on the bills and...

Ahead of Thursday’s pivotal vote in the House on Joe Biden’s infrastructure bill, Sen. Joe Manchin (D-WV) persisted in his opposition to the trillion-dollar price tag. In a statement on Wednesday, Manchin, who has previously resisted the bill and even publicly called on Democrats to put a “pause” on it, said that he cannot support the trillions of dollars in spending:

Fox News contributor Karl Rove warned Democrats on "America's Newsroom" Tuesday their bid to pass a $3.5 trillion spending plan could backfire with voters at the polls like in the 2010 midterm elections that followed the passage of the 2009 stimulus bill and Affordable Care Act.

Though he was all for the government ordering an economy-wide shutdown to stop the spread of the coronavirus, infectious disease genius Dr. Anthony Fauci is concerned that Republican objections to the Democrats' spending binge"could lead to a government shutdown that would worsen the pandemic." "The shutdown ordered in 2020 targeted only nonessential businesses," Fauci said. "Society could and did survive the casualties taken by this sector of the economy. In fact, it could be argued that the elimination of these small fry businesses actually helped reshape the whole production and distribution processes into a more consolidated and efficient mode. Relying...