It's official! Musk leaving as Trump thanks him amidst crash for Tesla and markets
Elon Musk will reportedly move beyond government work. MSNBC's Ari Melber delivers an in-depth special report on Musk's unprecedented role in President Trump's first 100 days in office. (The Beat's YouTube playlist: https://msnbc.com/ari Beat merch: www.msnbc.com/Beat5)
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Yahoo
37 minutes ago
- Yahoo
Elon Musk Just Backed Warren Buffett's 3-Word Fix for the Deficit. Would It Work?
The U.S. deficit topped $1.8 trillion in 2024, but a bold idea from Warren Buffett is making the rounds again, and this time, Elon Musk is getting behind it. In a 2011 CNBC interview, Buffett said he could end the deficit "in five minutes" by passing a law that disqualifies all sitting members of Congress from re-election if the deficit exceeds 3% of GDP. That clip recently resurfaced on social media, reigniting debate over government accountability—and catching the attention of Musk. He responded to Lee: "100%. This is the way." Moneywise reported that the proposal got a push from Utah Senator Mike Lee, who's now drafting a constitutional amendment inspired by Buffett's logic. Lee's version adds another twist: members of Congress would be ousted whenever inflation climbs above 3%. Buffett's plan might sound extreme, but based on recent numbers, it would be career-ending for nearly every lawmaker on Capitol Hill. The 2024 deficit hit 6.3% of GDP, which is double the threshold. Of course, critics were quick to point out the obvious flaw in the setup. Congress would need to vote to fire itself, making the law politically toxic. Even so, the idea is tapping into deep frustration with government spending. Nobel Prize-winning economist Milton Friedman once said, "Only Washington can create money," and warned that unchecked spending leads to inflation. Musk's endorsement, paired with Lee's amendment effort, has amplified the conversation online. Some supporters argue that even if the proposal never passes, it forces lawmakers to confront the consequences of fiscal irresponsibility. Others see it as more political theater than policy. While the odds of Congress passing a law that threatens its own job security are slim to none, the Buffett-Musk-Lee alignment has given the concept a second wind. For now, the public can only vote the traditional way. But the viral resurgence of this three-word fix—'fire the incumbents'—shows Americans are still searching for accountability where it matters Musk Just Backed Warren Buffett's 3-Word Fix for the Deficit. Would It Work? first appeared on Men's Journal on Jun 12, 2025
Yahoo
2 hours ago
- Yahoo
Eye-Watering Bill for Trump Birthday Parade Includes Paint Job for Tanks
Amry tanks got a paint job before being moved to Washington D.C. for a parade on Donald Trump's birthday, a retired general has revealed. Armor including M1A2 tanks, Stryker armored fighting vehicles and M109 self-propelled howitzers have been arriving the capital for the parade—ostensibly to celebrate 250 years of the Army. But the total cost was already disclosed to have hit $45 million, which will include repairing roads not designed to take heavy armor. Now, the bill has been revealed to include sprucing up the materiel before it rolls in front of the president on his 79th birthday. Retired Army Lt. General Mark Hertling, speaking Tuesday on MSNBC's Morning Joe, expressed reservations about the parade's scale and cost. To pull off the spectacle, the armor was brought by rail from bases across the country, while helicopters and planes will fly overhead during the parade. Hertling commanded the 1st Armored Division in combat in Iraq in 2007 and 2008, has a Purple Heart and multiple Bronze Stars and Distinguished Service Medals. 'I'm personally, truth be told, not a parade kind of guy,' Hertling said. 'Even when I was a cadet at West Point, I hated parades.' Initially conceived as a small event, the parade's scope expanded significantly, now involving nearly 8,000 soldiers marching alongside armored vehicles transported from various military bases across the country. The birthday celebration could cost as much as $45 million in taxpayer dollars, with an extra $16 million reportedly set aside for road repairs. Hertling described the parade as 'mission creep foisted upon the Army by politicians,' reflecting concerns that the military is being tasked with an expensive political spectacle. The logistical challenges are significant, too. According to Hertling, the vehicles have been freshly painted to present a polished image—because of a previous, rushed deployment of military hardware that Hertling says 'looked bad' and 'were not a good reflection of the Army.' 'How much is this going to cost? It's going to cost a lot,' he said. 'Not only [do] those vehicles use a lot [of fuel], they have been transported from different military bases, [and] as you can see, looking at those tanks and Bradleys that you're showing right now, they've all been freshly painted,' he said. 'The last time a bunch of tanks were brought to Washington, D.C. it was at a last-minute time frame and they looked bad. I mean, they were not a good reflection of the army. So obviously the commanders and the soldiers who take a great deal of pride in their vehicles, want them to be looking well.' He said all of this has contributed to the spiraling cost of the event. 'And, you know, that's created more cost other than the train load and the railhead and the helicopters [that] are going to be flying overhead and the and the fuel that's going to be used and the support for the almost 8,000 soldiers that are going to be marching inside of that column with the other vehicles to represent wars that the nation has fought in different period dress and uniforms. 'It was a good idea by the army to celebrate this and use it as a recruiting tool. It's just generated a lot more interest because of the connection with the president's birthday, that's for sure.' While the Army has defended the event as a recruiting tool and a celebration of the nation's military heritage, the timing—coinciding with the president's birthday—has raised questions about the parade's true purpose. Meanwhile, as much as $16 million has been earmarked for filling in the damage left by tanks rumbling down civilian streets, according to U.S. military officials. Steel plates at least an inch thick will be laid across sections of the route where M1A1 Abrams tanks, each weighing around 140,000 pounds, and other treaded vehicles will make turns. Similar protection will not be laid out along straight sections of the roadway. D.C. Mayor Muriel Bowser has previously voiced her concerns about damage to city streets. 'Military tanks on our streets would not be good,' she said at an April 7 news conference. 'If military tanks were used, they should be accompanied by many millions of dollars to repair the roads.'
Boston Globe
3 hours ago
- Boston Globe
What to know about ‘No Kings' protests against Trump's policies on Saturday
Why is it called No Kings? The 'No Kings' theme was orchestrated by the 50501 Movement, a national movement made up of everyday Americans who stand for democracy and against what they call the authoritarian actions of the Trump administration. The name 50501 stands for 50 states, 50 protests, one movement. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Protests earlier this year have denounced Trump and billionaire adviser Elon Musk, the now former leader of Trump's Department of Government Efficiency, a government organization designed to slash federal spending. Protesters have called for Trump to be 'dethroned' as they compare his actions to that of a king and not a democratically elected president. Advertisement 'They've defied our courts, deported Americans, disappeared people off the streets, attacked our civil rights, and slashed our services,' the group says on its website, referring to the Trump administration and its policies. 'They've done this all while continuing to serve and enrich their billionaire allies.' Why are they protesting on Saturday? The No Kings Day of Defiance has been organized to reject authoritarianism, billionaire-first politics and the militarization of the country's democracy, according to a press release from No Kings. Advertisement It is happening to counter the Army's 250th anniversary celebration — which Trump has ratcheted up to include an expensive, lavish military parade. The event, will feature 'The flag doesn't belong to President Trump. It belongs to us,' the No Kings website says. 'On June 14th, we're showing up everywhere he isn't — to say no thrones, no crowns, no kings.' Where are the protests? Protests in nearly 2,000 locations are scheduled around the country, from city blocks to small towns, from courthouse steps to community parks, according to the No Kings website. No protests are scheduled to take place in Washington, D.C., however, where the parade will be held. The group says it will 'make action everywhere else the story of America that day.' No Kings plans instead to hold a major flagship march and rally in Philadelphia to draw a clear contrast between its people-powered movement and what they describe as the 'costly, wasteful, and un-American birthday parade' in Washington, according to the No Kings website. What is planned at the No Kings protests? People of all ages are expected to come together in the protest locations for speeches, marching, carrying signs and waving American flags, organizers said in a call Wednesday. On the group's website it says a core principle behind all No Kings events is a commitment to nonviolent action, and participants are expected to seek to de-escalate any potential confrontation with those who disagree with them. Weapons of any kind should not be brought to events, according to the website. Advertisement How many people are expected to participate? The No Kings Day of Defiance is expected to be the largest single-day mobilization since Trump returned to office, organizers said. Organizers said they are preparing for millions of people to take to the streets across all 50 states and commonwealths.
