Trump calls for an end to the Chips Act, redirecting funds to national debt

[wiyosaya]

Firing government employees does save money just like in the private sector.

3+ million people on the payroll + office space/overhead + whatever they are doing is spending more taxpayer money.

Vivek once suggested firing anyone with an odd last digit SS# and even second to last digit SS# as an easy and unbiased way to reduce the parasitic jobs by 75%. I personally think it's better to just to shut down whole agencies like in Argentina. Their economy is turning around faster than anyone outside of Austrian economics would have predicted.

Vivek? Seriously? Vivek said it was true so it must be true? Got it.

Funny, I don't see how Argentina and Austria are related.

Crippling the programs that help people will not help just like firing IRS employees that fight tax cheats will not help resolve the problem of cheating on taxes.

 

[dirtyferret]

That's rich, when DOGE can provide NO PROOF of its assertions of savings. https://www.pbs.org/newshour/show/a...nd-incorrect-claims-on-doges-wall-of-receipts
Oh, this is PBS. It must be fake news!!!!! I can hear you thinking that.

When all is said and done, those who voted for this crap will rue the day that they cast their votes.

Good luck with your illusion!

You are arguing with a troll who just linked a twitter qoute from a QAnon influencer better known as We The Media. The Anti-Defamation League also highlights Kanekoa as one of the "extremists and conspiracy theorists" that Twitter has let back onto the platform. You think facts are going to change his mind? He doesn't even exist in the same reality as you. Let him stew in his own pathetic life of lies and hatred.

 

[wiyosaya]

https://thehill.com/opinion/campaign/5178643-trump-may-have-already-planted-the-seeds-of-his-political-collapse/

 

[wiyosaya]

You are arguing with a troll who just linked a twitter qoute from a QAnon influencer better known as We The Media. The Anti-Defamation League also highlights Kanekoa as one of the "extremists and conspiracy theorists" that Twitter has let back onto the platform. You think facts are going to change his mind? He doesn't even exist in the same reality as you. Let him stew in his own pathetic life of lies and hatred.

Yes, I know. Nothing that I can say will change the mind of such a person, but, as I see it, it's worth the effort.

 

[ScottSoapbox]

Vivek? Funny, I don't see how Argentina and Austria are related.

Austrian economics is a school of economic theory that explains our current boom and bust cycles and inflation. It is less popular than the prevailing neoclassical economics which fails to explain both well but is much more pro big government. Then you have the monetarists that believe the fed can print as much as it wants because it's different when governments do it. Yeah they have terrible theory but are very popular for governmental economist positions.

The current president of Argentina is a former economics professor that follows Austrian economic theory. When he was first elected the media claimed he would be terrible at running the economy because he didn't have experience as a politician. (You really can't make this stuff up these days). A year later they are begrudgingly admitting that maybe his policies are working somehow despite the fact that everyone knows shrinking government is the worst idea ever.

Vivek Ramaswamy... the recent presidential candidate. Now running for governor of Ohio.

 

[wiyosaya]

https://thehill.com/homenews/senate/5178899-musk-chaired-meeting-restricts-government/

 

[m3tavision]

That's rich, when DOGE can provide NO PROOF of its assertions of savings. https://www.pbs.org/newshour/show/a...nd-incorrect-claims-on-doges-wall-of-receipts
Oh, this is PBS. It must be fake news!!!!! I can hear you thinking that.

When all is said and done, those who voted for this crap will rue the day that they cast their votes.

Good luck with your illusion!

We get it, you are a denier/activist...

That the Department of Government Efficiency doesn't exists, isn't real and doesn't provide receipts. You are telling level-headed people who pay taxes, that provably false media is actually doing journalism now..? and PBS is now reporting on a Governmental agency..? looking for Fraud...?

Or just more activism..?

And all PBS found was a whinny Democrat operative, upset at DOGE bcz what was uncovered with Politico & Associated Press grifting off tax payers, & She is worried her PBS grift is about to be ovr, bcz no more funding for her lies. Her bio is the reason for the article, not because there is any wrong doing at DOGE.

Receipts? Even CNN had to pull back a headline/comments trying to mock Trump's Joint Session speech about $8million for Transgender mice.

https://twitter.com/x/status/1897410116875620788

Lastly, I've linked DOGE's website several times and I know u can not click on it and observe for yourself (it's updated every few hours), or else cognitive dissonance will hit you in the face with all the receipts that are on display.

Thus making your lies and cries even more special.

 

[Jack77]

OK, so you are not governed by Corporation? (What Country is..?)


Were you born in Europe? Ovr the past 40 years, I've been to Europe 8 times. We are talking about in RECENT times, how Ursula & Globalist elites with the George Soros agenda, started their social engineering and censorship (authoritarian) rule... to hide from Europeans citizens what Globalists are doing with cheap labor and allowing a mass invasion into Europe. Offering free everything in the name of Equity, because other nations are poor, therefore English speaking nations must work the rest of their lives, supporting these people being funneled into Europe/America by George Soros.

Again, Countries within the EU are not allowed to be themselves, or have an National identity. They are ruled by Globalists now, who attack their own people using media lies and PAID demonstrators via George Soros. (See Hungary)


THE ONLY reason the European Union takes flack from American Citizens is because of their lack of patriotism for their own Countries.

The EU Citizens are controlled and governed by thought police. Europeans are not free to have their own thoughts or ideas, only the approved narratives handed down by the Globalist Elites, unless you will get a knock at your door from the gestapo.

Europe didn't use to be like that, but most younger Euros have no idea, because they lost their own identity & backbone.


I predict the EU will fold within the next 10 years, because these Elites will not be able to hide the truth much longer from the Euro citizens. Too much pressure from the US Leaders for transparency within EU leadership and to get ride of globalist corruption.

Politico and Associated Press are part of the corruption.

First, I was born in Europe half a century ago.

And despite your claims, I think we are more free over here than in the US. That is, if you also take positive freedom into account, and not only the concept of negative freedom.

And while we do have (and certainly too much) interference from corporations, I believe we are far from being directly led by corporations. While in the US, I feel that under the notion of "draining the swamp" there is an attempt to neutralize all people that think or act differently than the current powers that be. Certainly not only people influenced by corporations. Even more so, more freedom and power is being given to tech corporations, oil industry... (asides from the increased influence of conservative religion).
And exactly those corporations (and others taking example) are also trying to get more grip on the EU. (Apart from the usual pressure from really big countries, not to mention the US, to push us in one or the other direction.)

If the EU folds - and that is entirely possible - it will be because of outside influence, because of paralysis due to too much internal discussion (the needed political, monetary and defense reforms are long overdue), and because (national) leaders did not invest enough to really(!) address the needs of the "non-wealthy".
And I also know that current proclaimers of change over here are mostly searching for scapegoats to get in power themselves, and then enrich themselves and their friends, and suppress anyone not to their liking. Much like what is currently happening in the US.

 

[wiyosaya]

Austrian economics is a school of economic theory that explains our current boom and bust cycles and inflation. It is less popular than the prevailing neoclassical economics which fails to explain both well but is much more pro big government. Then you have the monetarists that believe the fed can print as much as it wants because it's different when governments do it. Yeah they have terrible theory but are very popular for governmental economist positions.

Its fallacy to assume that what works somewhere will work everywhere.

The current president of Argentina is a former economics professor that follows Austrian economic theory. When he was first elected the media claimed he would be terrible at running the economy because he didn't have experience as a politician. (You really can't make this stuff up these days). A year later they are begrudgingly admitting that maybe his policies are working somehow despite the fact that everyone knows shrinking government is the worst idea ever.

No one is right all the time.

Vivek Ramaswamy... the recent presidential candidate. Now running for governor of Ohio.

Good luck to him.

 

[wiyosaya]

We get it, you are a denier/activist...

That the Department of Government Efficiency doesn't exists, isn't real and doesn't provide receipts. You are telling level-headed people who pay taxes, that provably false media is actually doing journalism now..? and PBS is now reporting on a Governmental agency..? looking for Fraud...?

Or just more activism..?

And all PBS found was a whinny Democrat operative, upset at DOGE bcz what was uncovered with Politico & Associated Press grifting off tax payers, & She is worried her PBS grift is about to be ovr, bcz no more funding for her lies. Her bio is the reason for the article, not because there is any wrong doing at DOGE.

Receipts? Even CNN had to pull back a headline/comments trying to mock Trump's Joint Session speech about $8million for Transgender mice.

https://twitter.com/x/status/1897410116875620788

Lastly, I've linked DOGE's website several times and I know u can not click on it and observe for yourself (it's updated every few hours), or else cognitive dissonance will hit you in the face with all the receipts that are on display.

Thus making your lies and cries even more special.

And you post links to X as if they were the gospel truth. Perhaps you should wipe the clouds from your mirror.

 

[m3tavision]

You forgot Briebart, News Nation, Truth Social, among others.

Please stop being obtuse, as none of those were getting millions from a secret goverment account, that was uncovered by DOGE.

How do you not understand how corrupt this AP/Politico scam is and how deep it being uncovered.. even into Europe.


Ironically, what Brietbart, News Nation, Truth Social and others found out... that Joe Biden (& under Obama) they were unconstitutionally using Government agencies to SILENCE conservative publication like those.

There is no equivalency.



You have been on the loosing end of every statement you have commented on, except this:

Go back and listen to Trump's speech again. He literally said that Social Security HELPS people who deserve it.

Yes, Donald J. Trump is right, that Social Security HELPS people who deserve it. I've been paying into Social Security (it comes right out of your paycheck each week) for nearly 40 years... how long for you?

 

[ScottSoapbox]

Its fallacy to assume that what works somewhere will work everywhere.

A) Who assumed that?
B) Austrian Economics better explains the economic outcomes globally. By a wide margin. I prefer predictions that are usually right than those that are often wrong. The only reason it hasn't gained much traction is that it shows that government is a drag on the economy and therefore should be kept as small as possible. But guess who employs most economists? Governments and organizations getting money from governments.

 

[m3tavision]

First, I was born in Europe half a century ago.

And despite your claims, I think we are more free over here than in the US. That is, if you also take positive freedom into account, and not only the concept of negative freedom.

And while we do have (and certainly too much) interference from corporations, I believe we are far from being directly lead by corporations. While in the US, I feel that under the notion of "draining the swamp" there is an attempt to neutralize all people that think or act differently than the current powers that be. Certainly not only people influenced by corporations. Even more so, more freedom and power is being given to tech corporations, oil industry... (asides from the increased influence of conservative religion).
And exactly those corporations (and others taking example) are also trying to get more grip on the EU. (Apart from the usual pressure from really big countries, not to mention the US, to push us in one or the other direction.)

If the EU folds - and that is entirely possible - it will be because of outside influence, because of paralysis due to too much internal discussion (the needed political, monetary and defense reforms are long overdue), and because (national) leaders did not invest enough to really(!) address the needs of the "non-wealthy".
And I also know that current proclaimers of change of change over here are mostly searching for scapegoats to get in power themselves, enrich themselves and their friends and suppress anyone not to their liking. Much like what is currently happening in the US.

Great insight, but I believe you have an misunderstanding.

Americans do not want to neutralize the swamp, they want it drained and removed, so that no POLITICAN EVER, can use America's money for their own ideology or purpose, it has to be for Americans and in American's interests. (again, not for their own personal bank for pet foreign project grifting, that reciprocates into THEMSELVE's getting reelected through illegals contributions, etc.)

DOGE is opening up the Government's books and we American's are seeing what these people have been doing with our money and it's absurd.

I'll post the President's own words here for posterity it insanity..!

"Thank you, Elon. You're working really hard. He didn't need this. Everybody appreciates it. Even this side appreciates it. Just listen to some of the appalling waste we have already identified."
-$22 billion for housing & cars for illegal aliens
-$45 million for DEI scholarships in Burma
-$40 million for inclusion of sedentary migrants
-$8 million to promote LGBTQ+ in Lesotho
-$60 million for Afro-Colombian empowerment
-$8 million for making mice transgender
-$32 million for left-wing propaganda in Moldova
-$10 million for male circumcision in Mozambique
-$20 million for Arab Sesame Street
-$1.9 billion for Stacey Abrams & decarbonization
-$3.5 million for lavish fish monitoring
-$1.5 million for voter confidence in Liberia
-$14 million for social cohesion in Mali
-$59 million for illegal alien hotel rooms
-$250 thousand for vegan climate action in Zambia
-$42 million for social change in Uganda
-$14 million for public procurement in Serbia
-$47 million for learning outcomes in Asia
-$101 million for DEI at the Department of Education
"By slashing all the fraud, waste, and theft, we can defeat inflation, bring down mortgage rates, lower car payments and grocery prices, protect our seniors, and put more money in the pockets of American families."

Trump exposed^ what is/was going on within our Government, broadly to the American people the other night and so many of the corrupt Democrats just sat on their hands that night, knowing their Political careers are ovr.


Understand, We The People have election every 2 & 4 years in America and we elect new Representatives, Senators, Governors and President. The US Constitution is the powers that be.

Some of these Grifters have been in Politics for 40~50 years. Nancy Pelosi, Maxine Waters, etc.. Joe Biden never had a normal job he nvr struggled with money, etc. His entire life has been grifting off American dime and making him & his family filthy rich.

Trump isn't a Politicians, that is why DC hates him... bcz he represent the American people, not the Globalist elites in DC.


Similarly, to Politicians whom are elected, United States has millions of non-elected Bureaucrats (ie "The Swamp") whos stench is everywhere in DC. But thanks to DOGE, the elite Aristocrats are being disinfected too.

Their tears are so lovely...

 

[Jack77]

Trump isn't a Politicians, that is why DC hates him... bcz he represent the American people, not the Globalist elites in DC.

Please have a look who surrounded Trump during the inauguration. The wealthiest persons. Elite. The ones your money will be going to. Don't expect that these people will really share more than breadcrumbs or an occasional 'gift' with the people.

In the mean time, all these "cleaning activities" may/will throw the baby out with the bath water.
Who is going to make sure corporations pay their taxes, if there is no-one to control things? Who is going to make sure your food and drinking water is safe, if rules are slackened and there are no inspectors?
Where will your children go to school, if funding is cut?
...

And if social services go to 'those who deserve it': who are those (now AND in the future)?

I really hope I'm wrong here.

I'm out of this discussion.

 

[dirtyferret]

While in the US, I feel that under the notion of "draining the swamp" there is an attempt to neutralize all people that think or act differently than the current powers that be

there is no draining of the swamp, if anything he created a bigger swamp. trump is always open for business, anything and everything is for sale. As long as he benefits that's all that matters and he shovels it as "taking it to the libs" to his dimwitted followers and they eat it up regardless if they are giving away their own healthcare, social safety net, consumer rights, education for their own children, none of that matters if their leader says "the libs will hate it" and they are "winning".

I really hope I'm wrong here.

you are not wrong, unfortunately

 

[Loadedaxe]

I dont get you guys, some of you I have respect for with your opinions but cmon.
While Trump (The bad orange man) has called for the repeal of the CHIPS Act, complaining that the funds allocated could be better used elsewhere is a blanket statement, you cant deny that, whether you agree or disagree. And getting rid of it involves challenges that most on here do not understand. One, he cant do it on his own.

Bipartisan Support for it was passed from both Republicans and Democrats. This alone makes it difficult to gather enough votes to dump it, period.

Everyone agreed at the time that it was crucial for national security, and that it will enhance domestic semiconductor manufacturing, reducing reliance on foreign countries. A huge portion of the money has already been allocated to various projects and companies. So getting that money back most likely won't happen.

Trump wont be able to stop it, he may push for modifications or increase oversight to ensure the funds are used as intended, but that's it in a nut shell, whether your a democrat, republican, or independent, all of this other non sense and bickering doesn't matter.

Your opinions are just that, no matter how loud you yell, you are not going to change each others minds.

 

[Underdog]

Just the fact that you state this already contradicts your message.

Anyway, as a citizen of a EU-state, I am more than happy to live here. I would never trade in my current life (and that of my family), with living in the US. Despite the issues we have here, we are not governed by corporations (that don't care about the citizens), we also have media that at least try to be objective, affordable healthcare & education, decent food, a better work-life balance, (still) less polarization, (still) more equality, etc.

There are reasons why Trump, Putin, etc. don't like the EU: despite many shortcomings this is a great place to live that attracts and inspires many people. And that does not fit with authoritarian leadership and a totalitarian vision on society.

If you don't believe me, just watch the numerous testimonials of Americans that have lived or are living in Europe.

I was born in the USA but left as a young adult to travel the world. I have lived and worked in two different European countries and feel very privileged to have done so. Comments about Europeans knowing nothing about how Amerika works cause roars of laughter here. I learned so much more about USA from outside its brainwash bubble. They say barely 10% of Amerikans have a passport. That says a lot. Europe is not for everybody, but we have noticed increasing numbers of your citizens leaving for what they call "a better life" in Europe and UK. A place where the old fashioned idea of government "for the people" is a breath of fresh air, after living under a government "run for commercial interests". I'm glad circumstances are now pushing Europeans to realise Amerika is no longer our ally. T***p's love affair with the Russians has now become the catalyst for change.

 

[wiyosaya]

Your opinions are just that, no matter how loud you yell, you are not going to change each others minds.

I agree with everything you say, and I also know, as Dirty Harry said in "The Dead Pool," "Opinions are like *******s. Everybody has one."

 

[wiyosaya]

there is no draining of the swamp, if anything he created a bigger swamp. trump is always open for business, anything and everything is for sale. As long as he benefits that's all that matters and he shovels it as "taking it to the libs" to his dimwitted followers and they eat it up regardless if they are giving away their own healthcare, social safety net, consumer rights, education for their own children, none of that matters if their leader says "the libs will hate it" and they are "winning".

Yes. To that group, Trump is never wrong.

Unfortunately, as I see it, all humans are fallible.

 

[wiyosaya]

"Thank you, Elon. You're working really hard. He didn't need this. Everybody appreciates it. Even this side appreciates it. Just listen to some of the appalling waste we have already identified."
-$22 billion for housing & cars for illegal aliens
-$45 million for DEI scholarships in Burma
-$40 million for inclusion of sedentary migrants
-$8 million to promote LGBTQ+ in Lesotho
-$60 million for Afro-Colombian empowerment
-$8 million for making mice transgender
-$32 million for left-wing propaganda in Moldova
-$10 million for male circumcision in Mozambique
-$20 million for Arab Sesame Street
-$1.9 billion for Stacey Abrams & decarbonization
-$3.5 million for lavish fish monitoring
-$1.5 million for voter confidence in Liberia
-$14 million for social cohesion in Mali
-$59 million for illegal alien hotel rooms
-$250 thousand for vegan climate action in Zambia
-$42 million for social change in Uganda
-$14 million for public procurement in Serbia
-$47 million for learning outcomes in Asia
-$101 million for DEI at the Department of Education

In the grand scheme of Government spending, these amounts are pennies. And Literally everything you've quoted from his "JOINT address to congress" was overstated. It also deliberately appeals to the emotions of Trump voters so that they will react out of emotion rather than reason. IMO, its a manipulation of opinion and it distracts from the Truth that will never be heard from Trump's lips.

Here's a view of "the facts" of what you quoted from his "JOINT address to congress" from outside of the country - from a Nation that Trump is currently alienating and throwing under the bus. https://www.bbc.com/news/articles/cp3ylpd2n9no

There's that old quote "https://quoteinvestigator.com/2017/06/23/half-see/" "Believe nothing that you hear and only half that you see."

 

[wiyosaya]

Please stop being obtuse, as none of those were getting millions from a secret goverment account, that was uncovered by DOGE.

A secret account. How very convenient for you which places it solidly in the conspiracy theory category. Unfortunately, for the conspiracy theory, DOGE has no proof.

FYI - since you probably did not read it the first time around DOGE will have to answer to Elected leaders from this point forward. https://thehill.com/homenews/senate/5178899-musk-chaired-meeting-restricts-government/
And that's only a partial "Fact Check." There's more out there freely available to anyone that chooses to look for it.

 

[axiomatic13]

Europe is not for everybody, but we have noticed increasing numbers of your citizens leaving for what they call "a better life" in Europe and UK.

This is the most salient comment in this whole thread, and it rings true for me. If any more sabotage to the ACA happens for diabetics, I will have to move to Canada or Europe. It's already costing me a 1/4 of my salary to buy all the medicines I need to stay alive. I'm not fat, I just lost the genetic lottery with my pancreas.

 

[raydpratt007]

A few decades ago, corporate raiders (like former Republican presidential candidate Mitt Romney) borrowed money or other assets to take over corporations ("leveraged buyouts") and then gutted the corporation of its money and assets to pay back the loans for the purchase. The corporate raiders would then farm out whatever the corporation was previously manufacturing to foreign factories so as to save money and thus increase shareholder value (increased dividends, etc.).

Any corporation that was rich in assets but which was not maximizing shareholder value became a target for corporate raiders. Thus, Wall Street set in motion the great decline in American domestic manufacturing and the healthy middle class that domestic manufacturing had created.

We traded real wealth, our manufacturing capacity, for paper wealth, and we thought that our legal rights would be enough to keep real wealth under our control. We were wrong.

The Biden administration, through no help from our former dottering dolt of a President, actually did the right thing by encouraging and providing incentives for repatriating and expanding our domestic manufacturing base, especially for high-tech manufacturing.

Trump may be correct that the CHIPS funds may be unfairly used for things like executive bonuses, stock buybacks, and speculative investments, etc.—as has so often occurred in other government corporate bailout schemes—but remedies exist for such corporate behavior and have been enforced before.

Trump's reliance on tariffs to create the needed incentives for corporations to build manufacturing facilities in the US ignores that the corporations must then come up with all the necessary funds for expansion. Meanwhile, China and other nation states will be providing massive government investment in expanding their own domestic research and manufacturing facilities.

China became economically competitive by adopting capitalist principles. I suggest that we need to become just as competitive by adopting some Chinese-style national guidance and government investment in our own economy.

Trump is making a mistake.

 

[GodisanAtheist]

OT
Remember that the legislation for CHIPs was designed to boost domestic semiconductor production, reduce reliance on foreign supply chains, and create jobs here at home.

The idea that semiconductor companies should take on more of the financial burden makes sense, especially since they stand to benefit the most from an increase in domestic production. Ideally, these companies would invest in their own infrastructure to help meet demand, rather than relying heavily on taxpayer funding.

- How do companies like TSMC stand to gain anything from domestic production? US workers cost a lot and expect cushier working conditions than Taiwanese workers.

Slap a tariffs on goods and... and what? Where else is anyone going to shop for bleeding edge chips?

TSMC has all the power in this situation. They did the US Govt a favor by taking a pittance in seed money and then building two cutting edge fabs in the US that are likely never going to be economically viable, just so the US has a domestic supply of cutting edge semi-conductors for NatSec purposes. There was undoubtedly a lot of back room smiley gladhanding with the US pinky promising that we have Taiwan's back in the event China gets uppity.

CHIPs was undoubtedly a shadow bailout for Intel, the one semi-competitive domestic fab company, but then we subsidize all kinds of stuff that is critical for national security and stability like farm subsidies (which is less and less little guy with overalls working his 40 acres and more and more massive aggra ops).

And at the end of the day it cost $50 billion dollars, which is basically nothing when the budget appropriates trillions.

 

[TommyBoyFL]

That would be like taking the word back. Not his own, but the word of the nation.
That is bad business practice.

How many failed businesses has he had?