So basically, what's happening here is the EXACT same thing that Musk did when he took over Twitter, and he went down into the guts and started unplugging things and pretending he knew how to make it better, except instead of accidental tweet rate limits, we'll get US debt default - ThreadSky

whstancil.bsky.social • 22 days ago

So basically, what's happening here is the EXACT same thing that Musk did when he took over Twitter, and he went down into the guts and started unplugging things and pretending he knew how to make it better, except instead of accidental tweet rate limits, we'll get US debt default

Reposted from Greg Sargent

I spoke to former Treasury and OMB officials, and they said Elon Musk accessing government payment systems could give him the power to selectively turn off payments. They described what this really means in very clarifying terms. See below:

newrepublic.com/article/1910...

Comments

adamboyle.bsky.social•22 days ago

That’s accurate. They’re going to plug up the money piping (probably not on purpose) somewhere and it’s going to be nasty

ingemarknows.bsky.social•22 days ago

hobbesmommy.bsky.social•22 days ago

Correct. And Trump that ignorant fool is apt to let this happen.

realjedburgh.bsky.social•22 days ago

I read, these systems process something like 6 trillion a year, a hundred billion and change every week.

Hypothetically, if Musk redirected some, or all of it to himself, who would stop him? The law hasn't stopped him before.

osgoodfielding.bsky.social•22 days ago

I predict that where will be so
much collective outrage, that Trump will be forced to stop his flying monkey and then he will claim credit for putting out the fire he started.

amethystjoy.bsky.social•22 days ago

Uphold anarcho-stoveist thought

carlawinston.bsky.social•22 days ago

Any sane government employee would have recognized him as a threat to national security months ago. I certainly hope that foreign governments with Starlink or SpaceX defense contracts figure it out soon.

johnroxton.bsky.social•22 days ago

Musk really rose up the list quick of blame pie percentage for people who destroyed America.

peter-donnelly.bsky.social•22 days ago

I thought that too

If a man has a hammer etc

tomwwhittington.bsky.social•22 days ago

Why are there no mass protests? And if there are where are the Columbus, OH editions? I don't know squat about organizing, but if thousands of government workers aren't getting paid surely someone who can organize things can put these together? Let's make the fascists work for it at the very least.

rosemaryd52.bsky.social•22 days ago

Honestly, if we have a US debt default, so be it. Things may really have to fall apart. Admittedly, I'm not an economist.

jonathanpatt.bsky.social•22 days ago

Why do most articles continue to repeat the lie that they rescinded the funding freeze? They did not, just the OMB memo about it. The freeze remains in effect. And yet most people think that crisis is averted because of terrible reporting on it.

aminhnow.bsky.social•22 days ago

I'm starting to believe Trump & Musk want nothing more than a US Debt default to weaken the US dollar to the point they push a stupid crypto "solution" that is nothing more than a giant pyramid scheme to enrich themselves and the tech bro oligarchs leaving taxpayers holding the bag for the collapse.

amoeba.com.au•22 days ago

and a global economic crisis while we're at it

ubermenchies.bsky.social•22 days ago

"Oops, I accidentally deleted a couple trillion dollars!"

someguyhere1.bsky.social•22 days ago

And people dead of preventable lapses in safety

whstancil.bsky.social•22 days ago

Remember this? Now he's doing the same thing to the payment system that ensures US bond payments arrive on time. Have fun

ttuk.bsky.social•22 days ago

How many days from when Elon unplugged the head of the FAA too?

whstancil.bsky.social•22 days ago

To be fair it would be an incredible conclusion to the Musk saga, all the storylines colliding in the most thematically satisfying, unexpected way.

dark-chocolate.bsky.social•22 days ago

IANAL but I imagine he would be liable... would be amazing if the richest human on Earth got bankrupted by the biggest lawsuit ever.

gecus.bsky.social•22 days ago

You’re an optimist assuming that’d be the last of him.

brockmeyer.bsky.social•22 days ago

For the love of God, at least one thing he's done in the past 10 days has got to be a federal crime, right?

brockmeyer.bsky.social•22 days ago

...I guess we need it to be a state crime, in a state that gives a shit.

nikosleverenz.bsky.social•22 days ago

Would it be a conclusion though?

tsarbo.mba•22 days ago

this is what the people elected

bdowney.bsky.social•22 days ago

I sound like a shill for the authors, but really: Everybody should read _Character Limit_. Books about business drama get a rep for being boring, but the vibe here is Musk was so terrible they have an embarrassment of sources all telling you the same thing:

He's real bad at this.

littlewashita.bsky.social•22 days ago

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