The most brazen thefts of public funds that has ever occurred, just happened.
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The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
No federal spending is ever financed with taxpayer dollars. Federal reserve is obligated by law to honor every check written by the treasury, regardless of the treasury’s balance.
In other words, the federal government print money by spending it into existence.
Our tax dollars do only one thing when they are sent to the treasury: they cease to exist.
Trump $1.8 trillion or more precisely can add $1.8 trillion to billionaire pockets, including his own.
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No federal spending is ever financed with taxpayer dollars. Federal reserve is obligated by law to honor every check written by the treasury, regardless of the treasury’s balance.
In other words, the federal government print money by spending it into existence.
Our tax dollars do only one thing when they are sent to the treasury: they cease to exist.
Trump $1.8 trillion or more precisely can add $1.8 trillion to billionaire pockets, including his own.
1/2
We must always understand the nature of federal spending as a moral document. A document declaring who the federal government adds money to and it does not. And who it taxes and who it does not.
Trump is printing $1.8 trillion into his pocket and a bunch of billionaires. They are fed billions of dollars every day and are never taxed. We are starved of dollars and told to destroy the ones we have.
Their wealth will expand in direct proportion to the additional spending.
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The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
Feel like their name for the fund should never be used. Instead it should be called the $1.8 Billion Taxpayer Ripoff Fund, or something like that.
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The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
@MissConstrue It's so fucking corrupt.
What they would call a "related party transaction" if it happened at a company.
And deliberately dodging having to go before a judge?
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We must always understand the nature of federal spending as a moral document. A document declaring who the federal government adds money to and it does not. And who it taxes and who it does not.
Trump is printing $1.8 trillion into his pocket and a bunch of billionaires. They are fed billions of dollars every day and are never taxed. We are starved of dollars and told to destroy the ones we have.
Their wealth will expand in direct proportion to the additional spending.
2/2
@GhostOnTheHalfShell Former Treasury guy here - not disagreeing my friend with your analysis and implication of “full faith and credit”regarding payment of obligations where the General Fund is running a deficit; however it’s *still* taxpayer dollars being used to pay the traitors. If the regime created a permanent indefinite appropriation it might be off budget, like the Judgement Fund, but an appropriation equals public money. So the outrage remains valid and justified IMO @MissConstrue
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The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
-
The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
There needs to be a Nuremberg style trial whenever this is over to get rid of this criminal bunch…
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@GhostOnTheHalfShell Former Treasury guy here - not disagreeing my friend with your analysis and implication of “full faith and credit”regarding payment of obligations where the General Fund is running a deficit; however it’s *still* taxpayer dollars being used to pay the traitors. If the regime created a permanent indefinite appropriation it might be off budget, like the Judgement Fund, but an appropriation equals public money. So the outrage remains valid and justified IMO @MissConstrue
@lawyersgunsnmoney @MissConstrue
Taxpayer dollars cease to exist when they are cashed with the treasury. It’s a bank ledger where numbers are added and subtracted from, a giro payment system in Knapp’s taxonomy. We don’t use chartalist (paper note) payments for very much anymore.
The treasury has an infinite credit no interest rate credit line with no repayment date. The obscenity is that we are made to burn our money, even as they print money into their own pockets.
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The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
@MissConstrue They don't HAVE this money, because Trump doesn't have this money to give them. Not yet. At this moment it's a proposed "settlement" for his IRS case – which the judge rejected.
The judge's problem with that suit is that Trump is suing an agency HE CONTROLS., putting him on BOTH SIDES of that suit. IMHO this same problem applies to this ridiculous "settlement" as well.
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No federal spending is ever financed with taxpayer dollars. Federal reserve is obligated by law to honor every check written by the treasury, regardless of the treasury’s balance.
In other words, the federal government print money by spending it into existence.
Our tax dollars do only one thing when they are sent to the treasury: they cease to exist.
Trump $1.8 trillion or more precisely can add $1.8 trillion to billionaire pockets, including his own.
1/2
@GhostOnTheHalfShell
This is the MMT interpretation (IMHO the correct one).Still the persistence of the classical national budgeting tale can come here as a way to get people more pissed.
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@GhostOnTheHalfShell
This is the MMT interpretation (IMHO the correct one).Still the persistence of the classical national budgeting tale can come here as a way to get people more pissed.
I know. Unfortunately, it also gets in the way of reasoning about federal spending and tax the way we need to be.
This is why I go through the exercise of cultivating an MMT consistent narrative with the idea of being just as if not more potent.
Fact that our tax dollars are a blood sacrifice to narrow deficit spending, even as these assholes are printing money directly into the bank account accounts should make people even more angrier.
And rightly so
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@MissConstrue They don't HAVE this money, because Trump doesn't have this money to give them. Not yet. At this moment it's a proposed "settlement" for his IRS case – which the judge rejected.
The judge's problem with that suit is that Trump is suing an agency HE CONTROLS., putting him on BOTH SIDES of that suit. IMHO this same problem applies to this ridiculous "settlement" as well.
@maybeimaleo so, I’m not a law reader, in that I have no idea how settlement works. Does that not remove it from the purview of the judge, or does the judicial branch still get a chance to weigh in here? And can they stop the whole thing?
As someone with no legal expertise, I thought if both sides came to an agreement, it was removed from judicial oversight. That’s certainly how the media are reporting it, as though it is done deal, fait accompli .
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@maybeimaleo so, I’m not a law reader, in that I have no idea how settlement works. Does that not remove it from the purview of the judge, or does the judicial branch still get a chance to weigh in here? And can they stop the whole thing?
As someone with no legal expertise, I thought if both sides came to an agreement, it was removed from judicial oversight. That’s certainly how the media are reporting it, as though it is done deal, fait accompli .
@MissConstrue I'm not one either. It's an evolving situation right now. This writeup from Joyce Vance is a good summary of where things stand:
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The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
I thought I was mad, but Liz #Oyer, former #DOJ pardon attorney, is mad and brought receipts, cause she knows what constitutes “criminal conspiracy “.
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In Trump's philosophy, 'running like a business' means changing any company funds as quickly as possible into private funds (stripping the assets).
He is doing the same now to the USA.
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In Trump's philosophy, 'running like a business' means changing any company funds as quickly as possible into private funds (stripping the assets).
He is doing the same now to the USA.
@paulschoe I am so very pleased NOT to be an American! @thegarbagebird @MissConstrue
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Feel like their name for the fund should never be used. Instead it should be called the $1.8 Billion Taxpayer Ripoff Fund, or something like that.
@mastodonmigration @MissConstrue and epstein avoidance. Anything to get the public riled over a horrendous shit. The war is not working as wished, but we hear a lot less of the files these days, what is opened is kind of scrolled over. This is seen as if you are a nation of morons.
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The most brazen thefts of public funds that has ever occurred, just happened.
President Donald #Trump has secured a $1.8 billion taxpayer-funded "Anti-Weaponization Fund" in exchange for dropping his $10 billion lawsuit against the #IRS.
The settlement, announced by the #DOJ, establishes a fund to compensate individuals who claim they were wrongfully targeted by the Biden administration's legal system, including January 6 insurrectionists and Trump allies.
Thats right y’all, the Jan6ers, Proud Boys, KKK and the rest, just got almost 2 Billion dollars to rebuild their militias.
This takes #kakistocracy to a whole new level of corruption.
@MissConstrue Gee, what are they planning for November?
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