Reddit link but he's rambling about magnets and then strangely transitions to fraud and waste when he realizes he's confused himself.
So, anyone else gonna talk about the sundowning elephant in that room?
Reddit link but he's rambling about magnets and then strangely transitions to fraud and waste when he realizes he's confused himself.
Why did the Biden Administration do a no-bid contract?A $400 million no bid contract to the guy investigating corruption... you see the irony, right?
The USPS was a normal contract with multiple bids, meaning they didn't just make a huge purchase from someone close to the administration.
Nothing to see here folks. This is fine. It’s all fine. Just like the last president.
Not really.Can they add a quid pro quo charge on him?
I am assuming that trying to get out of corruption charges with even more corruption is another violation.
One of the few times I’ve felt a little sorry FOR Tulsi.Nothing to see here folks. This is fine. It’s all fine. Just like the last president.
What are you talking about? What was either no bid or non competitive?Why did the Biden Administration do a no-bid contract?
Not at a stoplight. The only thing I see in my mirrors every morning is their huge grill and headlights and my car isn't that low either.And the height of the headlights doesn’t matter as they are adjusted downward….its the new 5000k burn your retinas through your skull LEDs that are an issue.
We’re not friends.And you my friend spend so much time on here I guess defending your turf that you must be bored stiff. Warning Will Robinson he has paper thin skin and if you manage to get under it, he’ll bad mouth you forever in an effort to hide that he’s not so stoic as he likes to pretend.
He wants us to cut DOD budget in half while threatening NATO countries if they don't reach a new higher defense spending goal he wants.Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Cut by 50%
President Donald Trump suggested Thursday that U.S. military spending could be cut in half. Shares of defense firms dropped on the news.
“We’re going to spend a lot less money,” said Trump at a news conference addressing the potential outcome of talks with Russia and China. “One of the first meetings I want to have is with President Xi of China and President Putin of Russia. I want to say let’s cut our military budget in half.”
The White House didn’t immediately respond to a request for comment.
Lockheed Martin stock dropped $10 on the comments, leaving shares down almost 1.6% on the day at $434.72. The S&P 500 and Dow Jones Industrial Average rose 1% and 0.8%, respectively.
Shares of General Dynamics, Northrop Grumman, and L3Harris Technologies fell 2.1%, 3.4%, and 0.3%, respectively.
Shares of smaller defense firms Huntington Ingalls Industries, Kratos Defense & Security, and AeroVironment were down 1.6%, 7.9%, and 3.8%, respectively.
Boeing stock was up after the comments, closing down 0.4%. Boeing is a large defense contractor, though it has a larger commercial airplane business.
The U.S. currently spends roughly $1 trillion annually on national defense, according to Federal Reserve data. That is about 3.4% of current gross domestic product.
Trump has sent mixed messages on military spending recently. His newly created Department of Government Efficiency is looking to eliminate government waste, including potential waste at the Pentagon. What is more, DOGE head and Tesla CEO Elon Musk has been critical of the F-35 jet fighter, one of the largest programs in the Defense Department.
Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Cut by 50%
President Donald Trump suggested Thursday that U.S. military spending could be cut in half. Shares of defense firms dropped on the news.
“We’re going to spend a lot less money,” said Trump at a news conference addressing the potential outcome of talks with Russia and China. “One of the first meetings I want to have is with President Xi of China and President Putin of Russia. I want to say let’s cut our military budget in half.”
The White House didn’t immediately respond to a request for comment.
Lockheed Martin stock dropped $10 on the comments, leaving shares down almost 1.6% on the day at $434.72. The S&P 500 and Dow Jones Industrial Average rose 1% and 0.8%, respectively.
Shares of General Dynamics, Northrop Grumman, and L3Harris Technologies fell 2.1%, 3.4%, and 0.3%, respectively.
Shares of smaller defense firms Huntington Ingalls Industries, Kratos Defense & Security, and AeroVironment were down 1.6%, 7.9%, and 3.8%, respectively.
Boeing stock was up after the comments, closing down 0.4%. Boeing is a large defense contractor, though it has a larger commercial airplane business.
The U.S. currently spends roughly $1 trillion annually on national defense, according to Federal Reserve data. That is about 3.4% of current gross domestic product.
Trump has sent mixed messages on military spending recently. His newly created Department of Government Efficiency is looking to eliminate government waste, including potential waste at the Pentagon. What is more, DOGE head and Tesla CEO Elon Musk has been critical of the F-35 jet fighter, one of the largest programs in the Defense Department.
DOGE and Elon want to corner the market and monopolize the “large scale social deception” market in the US.Trump and Musk incorrectly target Global News Entity Reuters claiming DOGE found the DoD paid them $9 Million and Demanded the News Agency Give the Money back immediately and said the News entity was engaged in widespread and large scale Social Deception
In Reality it was a payment by DARPA via the DoD to a company called TRSS or Thomson Reuters Special Services which is a private Defense Software Company that has been providing Defense Software and Information to the DoD for decades. The contract was to develop software to prevent US Govt officials from "social engineering" .....or people being tricked in the US Govt to divulge sensitive information.
DARPA described the ASED program on its website as one that "aims to develop the core technology to enable the capability to automatically identify, disrupt, and investigate social engineering attacks."
US Defense Department contract "inaccurately represented" on social media, says Thomson Reuters
(Reuters) - Thomson Reuters said on Thursday its business with the Department of Defense was "inaccurately represented," in response to accusations on social media by Elon Musk and U.S. President Donald Trump that the company played a role in "large scale social deception" for the government.
The contract in question was a four-year $9 million award, beginning in 2018 during Trump's first term and ending in 2022, between the U.S. Department of Defense and a division of the Toronto-based content and technology company called Thomson Reuters Special Services (TRSS). The contract was intended to protect the U.S. government from social engineering, which is a form of cyber threat in which people are tricked into divulging sensitive information.
Trump demanded Reuters repay the U.S. government in a Truth Social post in Thursday morning: DOGE: Looks like Radical Left Reuters was paid $9,000,000 by the Department of Defense to study “large scale social deception.” GIVE BACK THE MONEY, NOW!"
Thomson Reuters said TRSS is a separate U.S. legal entity governed by an independent board of directors. Reuters, an independent global news organization adheres to the Trust Principles.
"TRSS has provided software and information services to U.S. government agencies across successive administrations for decades, to assist in identifying and preventing fraud, supporting public safety, and advancing justice," Steve Rubley, CEO of Thomson Reuters Special Services, said in a statement in response to questions about the nature of the defense department contract.
Musk, the White House and the Defense Department did not reply to a request for comment.
Thomson Reuters issued its statement after Tesla CEO Musk, Trump, the Hungarian government and Russian state media accused the company on social media of being paid by the U.S. government to play a role in "large scale social deception."
The scrutiny of this contract, named "ACTIVE SOCIAL ENGINEERING DEFENSE (ASED) LARGE SCALE SOCIAL DECEPTION (LSD)" comes as Musk has spearheaded an effort to cut waste from government agencies called the Department of Government Efficiency, or DOGE. Members of this group have scrutinized personnel and payment information in government computer systems and helped dismantle two U.S. agencies.
The contract was awarded by the Air Force Research Laboratory and funded by U.S. Defense Advanced Research Projects Agency, or DARPA, the research and development arm of the U.S. military.
DARPA described the ASED program on its website as one that "aims to develop the core technology to enable the capability to automatically identify, disrupt, and investigate social engineering attacks."
The site added that "If successful, the ASED technology will do this by actively detecting attacks, intervening in communications between users and potential attackers, and coordinating investigations into the source of the attacks."
DARPA did not have a description for "Large Scale Social Deception."
In the transaction history of the contract from USAspending.gov, a website that tracks contracts with the U.S. government, funding amounts were dispersed during the contract period for activities described as "SIMULATION TESTING AND MEASUREMENT LARGE SCALE DECEPTION".
DARPA was not immediately reachable for comment and Thomson Reuters did not provide additional details.
The DARPA site said the program is now complete.
Thomson Reuters Special Services has been awarded more than $120 million in contracts over multiple federal agencies dating back to 2010. These agencies include the Defense Department, which has awarded more than $60 million in contracts and the Department of Homeland Security, which has awarded $55.85 million over time.
It would crush capability. Sequestration cuts had big impacts to readiness and acquisition and that was closer to 10%.That's a pretty big jump. I'm all for reducing defense spending if it doesn't impact military capability but I don't see how this big of a cut won't do that.
It would crush capability. Sequestration cuts had big impacts to readiness and acquisition and that was closer to 10%.
The other side of it is the drop in support for industry. That's like $400 Billion that would be taken out of the economy and would hurt the entire supply chain and economy.