It’s Over – Fat Tail Daily | Term Deposits

‘A bill can be big. Or it can be beautiful. I don’t know if it may be each.’

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—Elon Musk

News Flash: the entire Trump program is falling aside.

Over the course of the final fourteen days, federal judges have made it clear that the US nonetheless has a structure, and nowhere in it does it give Elon Musk’s DOGE the facility to cut federal packages with out Congressional motion…

Or give Donald Trump the fitting to set taxes and trade insurance policies as he pleases.

More on Monday…

But these developments depart poor Elon out. What was he doing? For whom? Why? And is he now personally chargeable for the billions in losses the states say they’ve suffered?

And now it’s official. The Trump/Musk duo has damaged up. The Washington Post:

Elon Musk is leaving his position within the Trump administration

A day earlier, in a main break with the president and Republicans, Musk mentioned he didn’t approve of Trump’s spending invoice — formally generally known as the One Big Beautiful Bill — with its large tax cuts.

“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” Musk mentioned in an interview with CBS News.

And this from Bloomberg:

Musk leaves Washington just about as he discovered it.

Poor Elon. He by no means understood what authorities is all about…or his position in it.

There he was…out on the entrance traces…uncovered to ridicule, extensively reviled, the goal of the feds, the media…the enemy of the ‘casta politica’ and all of the freeloaders and parasites who wish to dwell at others’ expense. Musk took the lead — as an unpaid volunteer. It was he who put collectively a staff and revealed billions in ‘waste, fraud and inefficiency’ in federal spending.

In business reducing the ‘fat’ may be key to creating a revenue. Companies battle to offer the best services and products on the lowest price. ‘Fat’ is an enemy.

But in politics, the ‘fat’ is the juiciest half…it’s what the politicians most need. If you are taking money from taxpayers to conduct a struggle, for instance, and also you spend the money effectively, what do you get? Dead our bodies. Piles of rubble. Flattened buildings. Just take a look at what the US will get for its money in Gaza.

If the money had been ‘wasted,’ then again, it could do much less harm. Plus, more of it could go the place it was actually supposed to go — into the pockets of politicians, cronies, and favored purchasers.

Elon’s lieutenants discovered billions that may very well be cut. There had been ‘foreign aid’ packages, for instance, the place the money by no means left the Washington DC space. This was, from the feds’ level of view, an ultimate program. Some of the money was imagined to go to coach ‘African circus performers.’ Again, a excellent swindle. Those clowns weren’t going to complain!

Elon’s staff even discovered $4.7 trillion in funds that had been virtually untraceable.

But after Elon busted his hump and endured so many slings and arrows, did the nation say ‘thank you for your service?’ Did the Republicans incorporate even one penny of the numerous money-saving examples he uncovered of their ‘big, beautiful bill?’

No, they didn’t. Charlie Bilello:

‘What about the DOGE spending cuts? None of them were codified in the bill, meaning that any savings announced over the past few months could just be temporary.’

The Republicans’ ‘big, beautiful bill’ extends the 2017 tax cuts…provides new cuts (for ideas, and so on)…will increase spending…and ends up with greater deficits than ever.

And now, they’re now going to hold Musk out to dry. The Independent:

Judge spares Trump from large DOGE lawsuit — leaving Elon Musk holding the bag for ‘unauthorized role’

Musk — tapped by the president to steer the so-referred to as Department of Government Efficiency — is going through a lawsuit from a group of 14 states arguing that the world’s wealthiest individual lacks any legal authority to hold out mass firings, terminate grants and entry delicate authorities info and taxpayer knowledge.

Musk thought he was doing the nation a favor; he thought the MAGA people actually wished to curb US debt. As it turned out, they didn’t. And now, along with his different issues, Musk faces a lawsuit charging that he ‘lacked any authority’ to do what they requested him to do.

And the White House has pulled the rug out from underneath his protection, particularly stipulating that he had “no actual or formal authority to make government decisions.”

For all his bother, regardless of all his money, and all his costly legal professionals…and all his success in business…Musk is simply one other casualty of politics.

Regards,

Bill Bonner,
For The Daily Reckoning Australia

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