DiabloWags said:

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concordtom said:

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DiabloWags said:

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concordtom said:

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Interesting article about how tromp is involved in the ballroom construction. Architect wanted to do something different differently than Trump wanted to do before the safety, evacuation of volume, and Trump said that they don't have to pay attention to any building codes, he is the code.


https://www.yahoo.com/news/politics/articles/am-code-trump-clashed-ballroom-090000208.html

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Are you surprised?

This is like our Treasury Secretary Scott Bessent saying, "I AM THE HOUSE"

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I missed Bessent recently. Tell me what I missed.

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In August, he had the Treasury go into the longer maturities of the Treasury market (10 to 20 year and 20 year to 30 year) and do "buybacks" in order to increase liquidity with the hope of getting banks out of poor positions, raising cash, and helping to increase demand at future auctions.

The only problem is that he brought a "peashooter" to a gunfight.
Literally pissing in the wind.

You can read about it here:

Treasury doubles debt buybacks as Bessent moves to steady bond market

U.S. Treasury's bond scheme is not a national debt management tool, say top economists, but it did show Wall Street what makes Scott Bessent flinch

He said that "HE IS THE HOUSE" because he has access to proprietary information that the market does not have.

That "proprietary" information would most likely be the "mix" of maturities that the Treasury issues at auction every week, every month, every year.

He has in fact been employing the Janet Yellen strategy (who he adamantly criticized) of selling more short-term securities (ie. T- Bills) which can help limit the issuance of longer dated maturies . . . 5, 7, 10, and 30 year Bonds.

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Thank you!!
I truly don't follow that which used to be my everyday. Kinda sad, actually. Kinda great, too.

I'm left with the general thought that Trump views ALL OF IT as a scheme for himself to get rich as much as possible.

I'd basically just confiscate everything the Trumps have. Chase down all their associates and flush all those accounts, too.

Oh look!
Another jackass move by the jackass president!!

https://www.yahoo.com/news/politics/articles/trump-administration-uses-rare-authority-234521611.html

Quote:

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WASHINGTON (AP) President Donald Trump is canceling nearly $1 billion in spending approved by Congress, the White House announced on Friday, using a rare and contested power to axe funding for immigrant services and diversity-focused initiatives.

Trump's Office of Management and Budget described the funding cut as focused on "the most harmful government spending."

Most of the cuts are focused on Health and Human Services programs that serve refugees and unaccompanied minors accused of being in the country illegally. The administration says the funds are no longer necessary because illegal border crossings have diminished considerably.

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Also targeted for cuts were a Department of Education program for migrant students, a Department of Justice office focused on reducing racial tensions, a business development initiative for minority entrepreneurs, housing counseling services from the Housing and Urban Development Department and a series of grants from the Health and Human Services Department that the administration called "outright harmful and blatantly ideological."

A White House press release announcing the funding rescissions notes that some of the organizations are led by people who worked in the administration of Democratic President Barack Obama.

Trump's move was condemned by Sen. Susan Collins of Maine, a Republican in a tough reelection campaign and chair of the Senate Appropriations Committee.

Collins said in a statement that the action came without warning or consultation. She also said she would work to address with colleagues "these illegal actions."

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"Not only is the delay itself an impoundment that was not reported to Congress, but also it is a usurpation of Congress's appropriations powers," Collins said. "OMB is an agency of the executive branch. It does not get to decide which programs are worth funding."

Under federal law, Congress has 45 days to review the president's proposed spending cuts before they take effect. But Trump made that all but impossible by announcing them with just five days left in the federal fiscal year and the House out of session through the November election. The Government Accountability Office, which is an arm of Congress, says the maneuver known as a "pocket rescission" is illegal.

Collins called it the latest attempt by OMB to "undermine Congress's Constitutional power of the purse."

A year ago, Trump issued a pocket rescission for the first time in nearly 50 years by blocking $4.9 billion in congressionally approved foreign aid. The U.S. Supreme Court declined to block those rescissions, saying that Trump's authority over foreign affairs weighed heavily in its decision. This year, Trump is targeting domestic spending.

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The use of a "pocket rescission" fits into a broader pattern by the Trump administration to exert greater control over the U.S. government, eroding Congress's power.

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