From CNBC:
Friday’s jobs report likely will show hiring cooled in May. Here’s what to expect
There seems little doubt now that hiring slowed considerably in May as companies and consumers braced for higher tariffs and elevated economic uncertainty. The main question is by how much.
A small dip from the recent trend likely wouldn’t be viewed as worrisome. But anything beyond that could set off a fresh round of fears about the labor market and broader economy, possibly pushing the Federal Reserve into a quicker-than-expected interest rate action.
Economists expect that when the Bureau of Labor Statistics reports the May nonfarm payroll numbers Friday at 8:30 a.m. ET, they will show a gain of just 125,000, down from an initial tally of 177,000 in April and the year-to-date monthly average of 144,000. That represents a slide but not a collapse, and markets will hinge on the degree of decline.
“Going into the NFP print, expectations have been reset lower and a reading of around 100,000 (vs. the 125,000 expected by the consensus) could fall in the ‘not-as-bad-as-feared’” camp, wrote Julien Lefargue, chief market strategist at Barclays Private Bank. “Anything below the 100,000 mark could reignite recession fears, while a stronger-than-expected print could perversely be negative for risk assets as it would likely put upward pressure on [Treasury] yields.”
Consequently, the report will be a balancing act between competing concerns of a slowing labor market and rising inflation.
This is nonsense..
https://www.nj.com/news/2025/06/nj-will-offer-direct-relief-to-help-residents-with-soaring-electric-bills-murphy-says.html
All New Jersey electric customers will receive “direct relief” to help deal with soaring soaring electric bills as the warmer months return, Gov. Phil Murphy announced Thursday at a press conference in Newark.
The governor said the state will spend $430 million to subsidize the relief to all of New Jersey’s 3.9 million ratepayers, with most customers getting $100. Low-to-moderate income earners may get up to $250 for their electric bills.
Elon back to backing democrats now? lol
Either way, it appears the big booty bill is now dead.
…with most customers getting $100…
I think Smurphy should toss some Chex Mix on the lawn of the governor’s mansion and make them cluck like chickens as he tosses $100 dollar bills out the window.
Fabius,
I watched the Piers Morgan ‘X’ clip. See Grim’s statement above about Musk backing democrats. The dems won’t take one cent of Musk’s money because of his abhorrent behavior, right?
History will not be kind to either of those children.
Even if all the things people say about Elon are true he is still not wrong folks.
The U.S. national debt is rising by a trillion dollars every 180 days.
Tick Tok folks …. WSJ explains…we are in trouble folks.
https://www.wsj.com/video/series/news-explainers/when-does-the-national-debt-become-genuinely-bad/EDACA508-4D17-48F0-84C5-51B2ABD55776?mod=mhp
Picked up my 2023 Proof Coronation Sovereign this morning. Nothing shines quite like gold.
All the money printing and borrowing got out of control probably around the time of the housing crisis and Great Recession that followed. We printed our way to prosperity, QE and ZIRP don’t worry we can borrow lots of money at unbelievably low interest rates, because the FED has our backs with ZIRP, hey you don’t want the bonds at auction the FED will buy them! That was a one trick pony folks…using the FED to print money to fund government.
The idea that we have to cut spending eventually and grow our way out of this debt trap we are in. Completely forgotten by the current Democrats and Republicans.
Who is to blame when the music stops. Is it Elon? Could be any day now…
Juice: Musk and the Dems are both opposed to the big butt bill, but not for the same reasons. The Democrats have no problem with massive spending, and massive deficits either.
3B – Hence the need for a new party.
Ross Perot wasn’t wrong either.
Jobs come in fine. Nothingburger
139k jobs added. Unemployment rate steady at 4.2 percent.
May at 139k – beating consensus of 125k.
April revised down to 147k.
UE flat at 4.2%.
Juice: We are in desperate need of a new party, I have been saying that for years. Ross Perot was ahead of his time.
139K, 4.2% UE
Personal income is up a bit and inflation is down to 2.1%.
That’s a good sign.
Iran orders thousands of tons of material from China to build ballistic missiles. The old guys in bed sheets are at again. Meanwhile, inflation is high, unemployment is high, and religious repression continues. Morality police driving around beating women if they are not covered up. The left stays silent on that.
Juice Box says:
June 6, 2025 at 7:44 am
Who is to blame when the music stops. Is it Elon? Could be any day now…
Boomer
It’s magas spending bill, remember?
The Republicans have no problem with massive spending, and massive deficits. Republican house approved it and republican senate will do same
3b says:
June 6, 2025 at 8:08 am
Juice: Musk and the Dems are both opposed to the big butt bill, but not for the same reasons. The Democrats have no problem with massive spending, and massive deficits either.
VSG: I did not say it wasn’t. But, the Democrats would have no problem wanting to pass a massive spending bill if the roles were reversed. If massive spending is a problem, and it is, then it should be criticized regardless of which party is pushing it. It can’t be bad if one party does it, and good if the other party does it.
Confederate Eddie,
You will cluck and tace your hundred as well.
If not, I will cluck for you and take it.
Yesterday there was a small poll of young ladies who were talking at work. They were willing to have Musk’s children for money. The male part of the hot/crazy matrix turns out to be accurate.
It’s just who we are a a people.
White Trash Eddie says:
June 6, 2025 at 6:45 am
…with most customers getting $100…
I think Smurphy should toss some Chex Mix on the lawn of the governor’s mansion and make them cluck like chickens as he tosses $100 dollar bills out the window.
Massive spending is no problem if you are a. boomer.
have you looked at your death clock lately.
Time is almost up for you.
Charge it! Let it ride. Can’t get money from a dead guy.
Elon is a smart man who always knew the way to get rich was by playing the government.
Government has subsidized all of hes projects. PayPal the rules of banking were bent, he promised the politicans a stream of tax revenue from the proletariat in return for clearing his project.
Teslas, wel, they just spy on everyone.
Starlink, subsidize me and you can tap into everyting from above.
Space x, yeah,now he flattened NASA while Bezos’s dick rocket is only good for taking celebreties into space.
😂
How come none of them come and beat up my ex?
Only thing getting beat up around here is my supsnsion from all of the potholes that my government refuses to fix.
3b says:
June 6, 2025 at 8:41 am
Iran orders thousands of tons of material from China to build ballistic missiles. The old guys in bed sheets are at again. Meanwhile, inflation is high, unemployment is high, and religious repression continues. Morality police driving around beating women if they are not covered up. The left stays silent on that.
Just remember one thing about this legislation, something Elon may not really understand. This is a reconciliation bill. It’s a shortcut to the budget process or really any legislative process.
Elon is right we need to get more responsible with the out of control spending, but there can really be no changes to policy in this bill.
The rules as written are for thee not for me….
There is a Senate rule “Byrd rule” that prohibits non-budgetary provisions like Social Security changes from being included in a reconciliation bill. For example if they wanted to raise the age of eligibility for Social Security by 1 month only the Senate could not include it in their version of this bill. Senators will raise a point of order against provisions they believe violate the Byrd rule. If the point of order is sustained, the offending provision is removed or the whole thing is tossed out the window. There is little wiggle room in a reconciliation bill like this to change policy and actually cut spending.
The entire Congress is effectively broken. Other than naming a post office little gets voted on individually on it’s merits anymore, everything is giant omnibus bills and reconciliation bills between the houses.
There needs to be a 3rd viable political party..
FDR did a massive spending bill.
It worked quite well then.
But now we are a country of grifters.
What comes next?
You’ve been freed
Do you know how hard it is to lead?
You’re on your own
Awesome, wow!
Do you have a clue what happens now?
Oceans rise, empires fall
It’s much harder when it’s all your call
All alone, across the sea
When your people say they hate you, don’t come crawling back to me
Da-da-da-da-da
Da, da-da-da-ya-da
Da-da-da-da-da-ya-da
You’re on your own
Lin is a genius.
There needs to be a 3rd viable political party..
Juice my friend,
I believe it’s too late. Our enemies got our number.
Boomers were lazy, complacent, greedy.
Everything, everyone, has an achilless heel.
Once the rod comes thru the side of the block it’s game over.
And that sound you are hearing from the engine of Amerikkka, it’s a rod knock.It’s got a spun bearing.
TikTokTiikTok….
I guess boomers can blame Thomas Midgley for thier shit behavior.
I hope Elon gets hold of the Epstein filse and posts it.
I think that weird dude has gotten lots of inside information.
I’d suggest to him he not take any helicopter rides for a bit.
Dark: If she goes to Iran, and is not covered up, then they will beat her up.
Dark: FDR sent Japanese Americans to interment camps too. Just saying.
Current massive spending bill is 100% Republican.
Not Democrat.
3b says:
June 6, 2025 at 8:55 am
VSG: I did not say it wasn’t. But, the Democrats would have no problem wanting to pass a massive spending bill if the roles were reversed. If massive spending is a problem, and it is, then it should be criticized regardless of which party is pushing it. It can’t be bad if one party does it, and good if the other party does it.
Juice: So instead of a reconciliation bill, how do we have a normal budgetary process, that is ultimately voted on. What is the point of this reconciliation process to pass a budget. I will have to familiarize myself with the Byrd Rule. Wasn’t he the West Va Democrat Senator that was in office for decades?
VSG: I did not say it wasn’t, so don’t play stupid. I said if it was a Democrat bill it would also contain massive spending, but you would support it. It’s only bad if the other guy (Republicans) do it.
Phoenix – Don’t believe the hype.. Elon was already wealthy no government money involved. When Paypal was bought by eBay back in 2002 Elon was able to cash out his 11% share for about 175 million which he later invested into Tesla and SpaceX… He effectively bankrupted himself investing in those two companies. It paid off for him, few thought he would get anywhere near selling a million electric cars a year or a reusable lower cost rocket that has flown about 450 successfully missions so far.
BTW the original $7,500 federal tax credit for electric cars has a cap once a number of units are sold. TESLA was phased out back seven years ago in 2018 for models Model S, Model X, and Model 3. That year they sold 245,491 electric vehicles and passed the cap in the law.
Did NASA and Federal spending help SpaceX? Absolutely, and we are better off because of it. The United Launch Alliance the only real competition is more expensive by far and isn’t much use for NASA or Military launches, too few and too expensive.
Funny thing about Space X. Jeff Bezos is building his own satellite internet company called Kuiper to compete with Elon. Bezos is now using Space X to launch his Kuiper satellites… Bezo’s little d@@@i@@k spacecraft cannot get it up.
3b says:
June 6, 2025 at 9:25 am
Dark: FDR sent Japanese Americans to interment camps too. Just saying.
Nobody is perfect. It was wrong. Refer to my earlier post:
3b
Sure. Do what you want with him. But this whole ‘deport your whole family” shit has to stop.
It’s un American. Or at least the “America” I used to know.
The thought process of doing things like that have come from outside forces that have no business changing what has been years of history here.
You are in a group. One of your friends likes to do drugs. Doesn’t mean they all do. You may like that friend, but disagree with thier drug issue. But because you hang out with them, or related to someone, doesn’t mean you stand for, agree with, or do things that that other individuals do.
Not all black people like rap. Not all white people can’t jump. Not all Indians own Kwic E Marts.
Hating/labeling any particular group of people , race, or religion bad is fucced up.
There is good and evil in all races, all religions, all sexes.
We are individuals.
3b – Normal budget process and committee meetings? Who has time for that? World moves now at the speed of social media and well the crowd is fickle.
Committee on Appropriations, the Committee on the Budget, the Committee on Ways and Means. Then there are 12 subcommittees as well plus the Senate committees and well the joint committees between both houses.
No time for debate anymore, only touching glass and arguing online for likes….
DOW up 600 points??
WTF is that all about?
The amount of any official interviewing with news and financial channels, praising the OrangeHead is Kim Jon level, or Erdogan level, where during quake, firefighters were explaining they went to the problem areas under the direction of the president, and today US is no different than that.
Blaming Biden or Dems for anything, talking the economy is hot today, where it was hotter 12 months back is amazingly misinformation.
Currently at an impass on rare earth, GPU and chip design embargo’s, the trade is significantly down and will show its impact at summer time.
https://nj1015.com/cranbury-affordable-housing-debate/
The clock is ticking for a Middlesex County town to comply with the state’s new affordable housing rules as the plan to take a farm by eminent domain comes under intense public scrutiny.
Cranbury Township faces a June 30 deadline to come up with a plan to build 265 affordable housing units under its Mount Laurel affordable housing obligations. The state changed the requirements in terms of public sewer and water, proximity to mass transportation, and a 250 square foot warehouse/distribution center buffer zone that had limited the township’s options, according to Mayor Lisa Knierim.
I love these governments. They don’t let you sell your farmland because they want to preserve the land…until they want your land to build housing on it themselves and take it from you.
Random speculation and all is fine.
Only thing we know for a fact is that the current massive spending bill is 100% republican. It will increase the deficit by trillions. It’s a tremendous burden on future generations.
3b says:
June 6, 2025 at 9:32 am
VSG: I did not say it wasn’t, so don’t play stupid. I said if it was a Democrat bill it would also contain massive spending, but you would support it. It’s only bad if the other guy (Republicans) do it.
They don’t let you sell your farmland because they want to preserve the land…
Unlike Bergen County that can’t become Jerome Avenue fast enough.
re: “I hope Elon gets hold of the Epstein file and posts it.”
What files? Before the FBI showed up with warrants at his many homes all the computers and other digital evidence was removed. Nothing but Computer Monitor wires dangling apparently. The FBI was never able to get the computers or any other video, photos or digital evidence. Rumor was those computers were in the possession of Epstein’s lawyers. Alan Dershowitz for example negotiated his original plea deal for a slap on the wrist in 2008. The time frame for the first FBI investigation in Florida was 2005 until 2008 plea deal. FBI did not get the computer or videos….20 years have passed those hard drives and any videos or other photos have long since been destroyed. The rich and powerful take care of the rich and powerful no matter how twisted or illegal the behavior. Dershowitz himself is also accused by one of Epstein’s victims.
I kind of liked Epstein. He was one of the funnier characters on Welcome Back Kotter.
“VSG: I did not say it wasn’t”
You didn’t say it was either. The difference between the Dems and R;s is that both would spend, but Dems would pump the brakes by taxing the rich, while Donnie is looking to hit the gas with his tax cuts.
BRT – re: “Cranbury Township”
No way no how they are going to take that shiny new Amazon warehouse, but anyway that farm plot is in a commercial zone surrounded by warehouses next to the NJ Turnpike and nowhere near shopping, schools or any other housing or even a park. Let’s tuck away the indigents there…
https://maps.app.goo.gl/NPEhFJV6ypCAWW35A
The town could easily tear off a few acres nearby the boro-hall, bunch of land behind the boro-hall nice soccer fields.. about 20 acres back there too. Plenty of room for mixed use low income near transit and the police station.
I’m all about the kids wellbeing and don’t care about the asshole parents.
Although I have to admit, my respect for Musk has gone up since the fight.
In RE life, I’m getting quotes for a new bathroom installed in my semi-finished basement – in the unfinished area. About 40 sq ft. Nothing fancy and going with PVC lining – just need a functional full bath. The quote from one guy is $15K not including most material. By the end of it, it could be $20K or more.
Anyone installed their own or with a little help from a plumber?
Fab: Always argumentative, just to be argumentative.
VSG: Random Speculation? Or delusion on your part, if you can honestly say you the Democrats don’t like big spending bills.
re: “My respect for Musk has gone up since the fight.”
Elon’s new poll since last night to form a new political party has 80% yes votes out of 5.2 million votes so far.
Not to say he isn’t gaming it or the bots are…but that is already enough to start a party. 36 million voters are registered Republicans and 45.1 million are registered Democrats.
https://x.com/elonmusk/status/1930685402631053403
I think we have found a pivot here…let’s see where it goes…
Fast: Jerome Ave? Gotta stop picking on the Bronx my friend, lots of places in Jersey you can reference. Just saying.
juice
Send all those people to El Salvador. You won’t need hard drives or pictures. They will all sing like canaries.
I was listening to Scott G’s podcast and he was predicting there will be big winnings for anyone who has the balls to stand up to Trump at this time. Both a person or company. In gaining public trust and massive early mover advantage.
Musk may just have what it needs. Except that he is also a wacko. But that doesn’t seem to have mattered to Americans before.
Juice: I am going to brush up on the whole budget approval process, it’s been some time. As for Elon Musk starting a 3rd party, that is interesting, if anyone is time around it would be him. Of course Elon can never be President, as he is foreign born.
June 6th, 1941:
https://en.wikipedia.org/wiki/Normandy_landings
I can say that Republicans love spending bills.
The current one is the best evidence of it.
3b says:
June 6, 2025 at 10:35 am
VSG: Random Speculation? Or delusion on your part, if you can honestly say you the Democrats don’t like big spending bills.
1944
duh
Fast
American veterans center on YouTube has interviews with D day veterans done over the last 10 or so years. 70 years after d day Those guys were still traumatized from it.
3b,
The Trump MAGA Republican party is already a new party. It’s a nationalist semi-socialist party. No more lip service to limited government from them.
3b – We used to shop on Jerome Ave. I lived off Jerome Ave right across from the Golf Course….and we would take the subway there too plenty of times as kids…
Regarding the eminent domain farmland in cranberry, just have some hooded guts show up to court in tactile gear , when the owner appears trying to do the right thing. Just make the owner disappear , problem solved no?
No One: I can make an argument that the Democratic Party in it’s current form is also a new party.
Juice: I was on the other side of the Bronx, but we used to hit some of the Irish bars on Jerome Ave back in our college days. There was one spot that was one of the few places in NYC at the time that had Guinness on tap. Some legendary times.
VSG: Yes, the Republicans do, and you believe it is an issue, and you are right. However, if it was a Democrat spending bill you would support it.
3b – Still one cousin living there in Riverdale. She is in her mid 80s….Her son retired from the PA police a few years ago already and lives near me. She will never leave unless well feet first.
There are still a few of those old Irish people living in Riverdale, probably the southern portion of it near Gaelic Park. Gaelic Park is undergoing a major renovation. I will have to check it out next time I am in to visit my Aunt who lives in Riverdale near Fieldstone. I also have some good friends who moved to Fieldstone after years in Franklin Lakes but originally from 231 and Bailey Ave.
I remember going with my Dad when I was a kid to watch the Gaelic Football and Hurling matches back in the day. It was a great day out.
3b,
I’m not as familiar with the undercurrents of the Dem party. Seems like there are maybe a few of subcomponents there. The wokes who are the pseudo intellectual militant weirdos. The old school liberals who say they are big on caring. The actual voters who are the big government dependents with low IQs.
Would you say that the wokes have taken over the party, or some other mass?
I would say the Wokes, the hard core left if not having taken over the party are in the process of doing it, or at least they have become the public face of the Democratic Party. Look at who are the very early contenders for the 2028 presidential election. Of course, that could change. As for the Democratic old guard, like Schumer, and Pelosi, and Maxine Waters and others, no one appears to be paying much attention to them.
No One,
The real problem of the Democratic Party is not what you mentioned. Those are the crumbs in a Crumb Apple Pie. These are the idealist noise makers but really have limited power to improve anything.
The real problem is the corporatist democrats aka Third Way, Clinton Democrats like Carville, Emanuel, in NJ it would be Norcross.
The corporatist will sell themselves, their wife, mother, and children for deals. They stand for nothing except grift and power. They are the mirror image of OrangeTurd. There is no moral bone or spine.
These are the fckers that de-industrialize the country while benefiting every step of the way. They are the ones that resist any Medicare For All. Remember Cory Booker, he’s now one of big pharma’s biggest whore. You will never see anything that will actually improve the situation that involves putting limits on big pharma.
On Normandy landings, finally walked some of the beach a couple of years ago with a historian who specialized in WW2 and Omaha beach tours. Terrible thing, it was a day when almost all the plans went wrong, but eventually they overcame, at a high cost of lives. One of the things I learned is that the aircraft bombing the German defenses ahead of the invasion were just terribly inaccurate, hardly helped at all, relative to expectations. There were many allied countries sent along the coast, and unfortunately the Americans appeared to land into the most fortified spot, while those who landed only 1km further north had an easier time. The historian suggested “The Longest Day” as being close enough to accurate, though there were definitely liberties taken. He didn’t seem as fond of Saving Private Ryan.
A good movie to watch before “The Longest Day” would be “Dunkirk” which comes earlier in WW2 when the British army evacuated France, covered from the perspective of military men, which itself could be coupled with “The Darkest Hour” which covers the same moment in history from Churchill’s political perspective.
Thus I’d suggest in order:
Dunkirk, (UK military fleeing from France)
The Darkest Hour (Churchill’s perspective)
The Longest Day (Re-invasion of France)
Then maybe Patton (Big picture of WW2 with US already in Europe)
There’s also the Band of Brothers miniseries
Anyone have other suggestions?
“A White House official who spoke on condition of anonymity because the person wasn’t authorized to speak publicly said Friday that the president planned to sell the red Tesla he said he bought in March. Mr. Trump originally purchased the car to demonstrate his support for Mr. Musk amid a backlash over his role in the administration.”
VSG, Lord & Juice:
Check this comment from another site – such interesting conjecture.
This is SO SCRIPTED. It’s like a WWF wrestling match. What a joke. Musk realized he was losing money on Tesla – so he concocted this idea. Give me a break. Trump doesn’t care about what he’s saying because he’s saying – nothing. Epstein? Trump doesn’t care. Everyone KNOWS THIS ALREADY. It’s all in the news 3 years ago – He’s probably clean. The Bill? Trump doesn’t care. He’s not invested. It’s another bill that will pass or not. This is so scripted and all of you are eating it up. It’s a wrestling match put on for entertainment purposes – to get Musk to ‘win’ back his liberal purchasing fan base. You are all so easily swayed. You are all so easily fooled. #jokeshow
Anyone have other suggestions?
Death Race! Doug McClure and Lloyd Bridges!
The Birdmen! Chuck Connors and Richard Basehart!
The Guns of Navarone!
Gregory Peck and Anthony Quinn!!
Chi – I don’t believe it’s scripted. Elon has been harping on the deficit spending for a while now longer than last summer that is for sure when he decided to back Trump and the other republicans with $173 million in robo calls, text messages, print mailings and canvassing etc.
Here are the outlays of his America PAC, you can see where his money went.
1,186 entries
https://www.fec.gov/data/independent-expenditures/?q_spender=C00879510&two_year_transaction_period=2024&cycle=2024&is_notice=false&data_type=processed
Look even the government’s own Government Accountability Office also routinely makes recommendations for departments and programs that its researchers estimate could save the federal government hundreds of billions per year.
It’s all routinely ignored in annual budget talks by Congress and the special interests…
Elon took it all on and LOST. The whole purpose of DOGE and him working for the government for 130 days as a special government employee was to cut deficit spending. Now the reality of Washington DC is hitting nothing is being done, they would rather put it on our children, and grand children spend the money now, business as usual and not one cent of deficit spending reduction. We are just going to spend even more and more…
Things will break…I have been talking about it for years. Austerity will come….
Elon would have been in prison along with Trump if they lost. So it was a fight for survival and then they gutted all agencies that were going after his companies.
Trump legalized his crypto scam.
This sounds blunt and crude but thats what happened. Now the two felons are trying to bring each other down.
Interesting bunch running in the Democratic Primary for Mayor of NYC. We are 18 days or so from the Primary, and it’s going to be Ranked Choice Voting too…choose up to five candidates in order of preference. There will be 11 candidates on the Ballot…
Adrienne Adams
Selma Bartholomew
Michael Blake
Andrew Cuomo
Brad Lander
Zohran Mamdani
Zellnor Myrie
Paperboy Love Prince
Jessica Ramos
Scott Stringer
Whitney Tilson
So Zohran Mamdani is currently in second place in the polling behind Andrew Cuomo and has been endorsed by AOC. We could actually see NYC’s first Muslim Socialist mayor who promises he will soak the rich in NYC…..
I don’t think Cuomo will win…If I lived in NYC I would think Paperboy Prince might gets some votes too, again people are encouraged to choose 5 candidates out of 11 choices. He is for a $2,000 monthly universal-basic-income payments for every resident, free healthcare and a “mansion” public housing and also a 3½-day work week. What is not to like?
>> Elon took it all on and LOST. The whole purpose of DOGE and him working for the government for 130 days as a special government employee was to cut deficit spending.
That’s a joke, right?
It may be a side effect of gutting the agencies that were going after him. You know if they really wanted to cut spending it would be on military, extra-terrestrial jaunts, medicare. Not destroy functioning parts of the govt.
Juice: I think people will get confused with rank choice voting, although to me it seems straightforward. Voters in Alaska struggled with it, but I am sure there are those who think it was because they are ignorantly uneducated Republican.
It’s ballsy for Cuomo to be running, he needs to go away. If AOC s choice wins, he will make Di Blasio look like a red blooded Republican.
Rent – Have you ever heard of Congress accepting a rescission?
For 56 years now the executive branch has not been able to cancel any appropriated spending. They money must be spent unless Congress votes to take it back known as a rescission.
When is the last time they did that? The last time Congress actually voted on a presidential rescission request was in Fiscal Year 2000, when President Bill Clinton proposed a rescission, but it was ultimately rejected, spend the money anyway they said. This was the last time the formal rescission process was used by a president. While President Trump tried in 2018 Congress refused to even act and create a bill to vote on it!
You see there is no working mechanism for efficiency in our Government not one penny appropriated can be saved it all must be spent and much is wastefully so. The system is rigged for inflation and deficit spending, without fail…even recession spending cuts aren’t allowed the FED will come to the rescue with QE and ZIRP right?
We are setting ourselves up for a massive crash…much bigger than the housing bubble bust and great recession. One that we cannot print and borrow our way out of.
Juice,
The point is, these cuts and rescission are a by product of other goals. And smoke and mirrors for the maga consumption. Like I said, why are there no cuts in places where it would actually matter?
And of-course it is convenient to get a divorce now after the damage is done.
Elon would have been in prison along with Trump if they lost.
LMAO!
Rent – DOGE claims 75,000 early retirements and 200,000 layoffs and lots of vendor contract spending cuts…All illegal and criminal right?
Guess what the sky is not falling in Washington DC. It’s party on a celebration is being had this weekend, victory over Elon Musk!! He is gone from Washington, no more sleeping in the Lincoln bedroom!
Nothing to see here so don’t bother to look. Once the Senate approves their bill this month and reconciliation occurs they all agree to shake hands and add just keep buying more Champagne and Caviar. The grand kids are paying for it…..so party on…
We all know he is going to do it..”Powell your fired”
“President Donald Trump urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point.”
Juice: You should stop with any rational explanation and facts. If everyone had voted for Harris and the Democrats, all would be well. They are the party that truly are for the people.
Ten 451
I do wish he would slash interest. I thought the whole inflation management under Biden was ineffective. (unpopular opinion) “IF” the fed slashed interest rates I just might sell my home.
3B -There just aren’t enough of us (skeptics) maybe just 5% of the thinking population. I would not be a good skeptic if I could not explain my thoughts with some ability.
Does not mean I am always correct…I would say maybe somewhat better than 1/2 of the time of the time….but that is still better than being wrong most of the time.
I don’t want to be right about austerity, but this is a reality is facing us now. Social Security trust fund will be depleted in about 8 years. Debt will be hovering around 50 Trillion or so by then. Are we going to be able to continue to borrow 1/3 of our annual government expenditures to keep the elderly happy and healthy? Austerity for the old will probably be here already when I hit retirement. Full Retirement Age (FRA) was supposed to be 67 years old, they will push it a few more years again by then too.
I am recommending everyone plan accordingly, especially those that plan to only rely on a government pension.
But heck what do I know…I could be just some alarmist kook on the internet…..
The number of people who said they were unemployed in May jumped to an eight-year high if the pandemic era is excluded, offering clear evidence that jobs have become harder to find during a chaotic period for the U.S. economy.
Last month some 7.24 million people said they were unemployed, the government reported, meaning that they were looking for work but couldn’t find a job.
Just a few years earlier, the number of unemployed had fallen to a 23-year low of 5.75 million.
Powell’s independence from market manipulation is actually keeping the market stable. Meddling with this will for political reasons be disastrous for this country.
Powell holds the reigns a bit too tightly. He’s paralyzed the housing market.
OY, the market needs to ride its own course. Thats how pure capitalism works. Manipulation may benefit you personally in the short term but cause havoc in the long term.
Havoc is here….so is economic malaise.
Juice: Your points are well taken and always backed with facts, not rhetoric or hyperbole. I too have been screaming about the debt for years, I thought it would have happened already, but I was wrong. Of course the Fed has been prolonging it. I think we would have been better to have a real cleansing during the last financial crisis, rather than manipulating by the Fed. But, the madness continued. Unfortunately today, being a skeptic is viewed by some as secretly being for other side.
No words.
https://www.reddit.com/r/CringeTikToks/comments/1l4mmgt/watch_out_john_wick/
Garcia is back from El Salvador to stand trial on criminal charges. And I assume if he is found guilty, then he can be deported, or if he is not guilty then he gets to stay, or if he is deported it can only be to a 3rd country, like the first deportation ruling.
This makes absolutely no sense, and erodes confidence in the justice system. The first time around he should have either been deported, or given amnesty.
3B – Judge agreed with the evidence presented by Federal Prosecutors and issued an arrest warrant. He is not free to go.. Human trafficker…..might as well build him a statue or two.
1st weekend warrior!
Should NY encrypt police audio?
https://nypost.com/2025/06/05/us-news/new-york-state-lawmakers-vote-to-stop-nypds-attempt-to-block-radio-communications-from-public/
Juice: Not a good look for those Dems running down to El Salvador, to see him, like he was some kind of hero.
Not a squeak about the Afrikaners receiving asylum without basis, but this taxi driver is a problem. Racists being racists.
Rates should not be cut, we never hit our target below 2%.
Elon Musk and hundreds of other tech mavens wrote an open letter two years ago about how AI was coming to ‘automate away all the jobs’ and upend society.
It looks like we should have listened to them.
Layoffs are sweeping America, nixing hundreds of thousands of jobs at Microsoft, Walmart, and other titans. The newly jobless speak of a ‘bloodbath’ on the scale of the pandemic.
This time, it’s not blue-collar and factory workers getting whacked — it’s college graduates with white-collar jobs in tech, finance, law, and consulting.
Entry-level jobs are vanishing the fastest — stoking fears of recession and a generation of disillusioned graduates left stranded with CVs no one wants.
College grads are now much more likely to be unemployed than others, official data show.
DP – Gary and co. think Elon and Trump are working for the American people.
Global outplacement Challenger, Gray & Christmas on Thursday released a report that said there were 93,816 job cuts announced by U.S. employers in May. That amounts to an increase of 47% from 63,816 announced last May, while last month’s figure was down 12% from 105,441 cuts in April.
That brings the total number of job cuts announced this year to 696,309 — an increase of 80% from the 385,859 jobs cut in the first five months of 2024. This year’s total is just 65,049 job cuts away from matching the 2024 annual total.
https://www.foxbusiness.com/economy/us-layoffs-spike-nearly-50-doge-driven-cuts-take-center-stage
Sounds like something you put on a turkey sandwich.
Yeah, I’ll have a turkey sub with three slices of havoc, economic malaise, salt and pepper, and oil and vinegar.
YO says:
June 6, 2025 at 5:52 pm
Havoc is here….so is economic malaise.
Would you like a bowl of racism on the side?
Global outplacement Challenger, Gray & Christmas on Thursday released a report that said there were 93,816 job cuts announced by U.S. employers in May. That amounts to an increase of 47% from 63,816 announced last May.
Job Openings (May 2024)
Total: ~9.3 million
Source: U.S. Bureau of Labor Statistics (BLS)
Job Openings (May 2025)
Total: ~10.1 million
Source: Economic forecasts and labor market trends
Reasons liberals are angry:
1) They’re bored
2) They can’t get due process
3) Depend on illegal immigrants to wipe their @ss
4) They’re overweight
5) Gender confused
6) They’re mentally challenged
7) Reason and rationality equals violence
8) They’re rac1st
9) Can’t decide which aggression to follow
10) They can’t see their reflection in a mirror
YO talking his own book.
First, Powell is holding the reigns too tightly. He paralyzed the housing market!
Few minutes later, if rates were lowered I may actually sell my house.
You can sell your house today, just not at your number.
foh.
I guess Elon is backing down… Falcon 9 and Dragon rolled out to Pad 39A at Canaveral for the Tuesday launch.
FYI this is an ISS & NASA mission…. Ax-4 India, Poland and Hungary astronauts to the ISS.
OY says:
June 6, 2025 at 4:52 pm
Powell holds the reigns a bit too tightly. He’s paralyzed the housing market.
Real estate is doing well in NJ, as long as it is priced correctly. Houses over priced sit for months and months.
Only a White group will have the audacity to sue the govt for something THEY did wrong!
Proud Boys sue US government for $100m over Jan 6 prosecutions
https://www.bbc.com/news/articles/cr4z7zyl0gwo