can't edit above, so i'll finish it here. ...but rooting it out to ant significant extent without damaging the systems and hurting innocent people won't be easy.
I would buy into the whole ‘eliminate fraud’ thing, if DOGE wouldn’t lie about the fraud they supposedly found. The whole ‘board of receipts’ debacle and blowing the fact that 150 year olds are “on the SS rolls” isn’t a good look.
Reminds me of a friend that died of brain cancer. Removing bad stuff is often likely to damage the good stuff. .
Very true. maybe another cancer illustration that may or may not relate to our, what, 37 trillion debt? Certainly not a justification for a chainsaw, but if an aggressive cancer isn't done away with quickly, you may lose the whole thing. No one knows how far the financial debt rubber band can stretch further before it snaps. When decades of subsequent (both party) administrations failed to address things better & in a timely manner, often in fear of losing their own power position, we end up with what we end up. Letting in 10 million+ illegal aliens in the hopes they'll get jobs to reduce national debt? They end up in high price hotels - the good, the lazy, & the criminal. Tinkering with the tax code doesn't fix that kind of ridiculousness.
I have always agreed on the debt, but I’m still skeptical of the personnel, probability of success, and underlying motivations. You think it’s our only chance? Maybe
I doubt we will see that intensity over the 2024 election now, who would want the job of trying to repair what has happened to the US in just 2 mths ...... although, taking all money and putting it towards the US debt, then deporting the troublemaker back to South Africa .... and getting the other one the mental help he surely needs, might be a good start ..... now that would be a political billboard that might win the hearts and minds of the voters T1 Terry
Typically, a borrower is not without warning when approaching a might-snap level of debt. It becomes increasingly hard to find willing parties to borrow from, without offering them higher and higher interest rates. Those other parties make their judgments on matters like how well the operation appears to be run. So sometimes even an existing level of debt can change from less dangerous to more dangerous, if counterparties perceive a decline in the reliability or competence of the management.
All well and good, yet on the world's stage, it tends to make every other country "Hawk-themself's even-deeper-into-debt" trying to equal out the debt playing field. Idiotic game that it is. .
There are some reports that countries facing tariff taxes are re-thinking holding their USA treasuries. When they begin dumping USA treasuries, the party will be over. Bob Wilson
Well this was a long anticipated 'surprise:' The president's commerce secretary, Howard Lutnick, appeared on Fox News and reflected on shares in Tesla, Musk's car company, falling sharply in recent weeks. At that point, the Cabinet secretary encouraged viewers to start investing: “It's unbelievable that this guy's stock is this cheap,” Lutnick said. I'm still staying with my original plan to wait for the 2025 Q1 financials to come out or $195/share, which ever comes first: TSLA still has an absurd P/E ratio - folks were speculating on a rosy future. Very speculative. Tariff taxes - it kills business like the Herbert Hoover tariffs did a hundred years ago. Rising under and unemployment - exporting agriculture and food labor along with firing all those Federal employees. My only risk is Tesla "cooks the books" and flat out lies in their 2025 Q1 financial reports. Even a rumor of this will totally tank the stock. UPDATE: Never draw conclusions from a single day but Thursday sure seemed curious. UPDATE: He noticed: Bob Wilson
Just part of losing his mind. It will get worse.. Elon Speaks :https://www.youtube.com/live/QGJysv_Qzkw?si=sPrJmgJoR36QvUph Bob Wilson
Relatively speaking, it is very cheap compared to ~3 months ago. In addition, he is trying to get people to buy TSLA stock. He wants, or was instructed, to help pump the stock.
I would add that today's TSLA price is close to what I sold my original TSLA in 2024. I sold it then because Elon had become a distracted CEO. My opinion has not Improved over time. For example, he claims the robot will lead to wealth and happiness but only to the buyers. However, I think this is more accurate: Bob Wilson
He needed to increase his "stock value" to fend off the creditors on his loans to buy Twitter .... the higher stoke value allowed banks to sell off loans they had been burdened with when he decimated the value of Twitter. Now he has looney tunes valuations on his X (Twitter) value and needs to up the stock price on TSLA so he can borrow against both of those ....... creating spectacular fireworks shows aren't cheap you know ....... T1 Terry
I don't believe he borrowed the money to buy Twitter. Elon sold Tesla stock at the time of the purchase. Lots of the stock. It was enough to slash the price of the stock for some time.
