Archives for category: Billionaires

Truth is stranger than fiction, once again. Trump announced that his daughter Tiffany’s father-in-law would be his advisor on Middle Eastern affairs. Trump described him as a successful businessman, a billionaire, a man of great importance.

But the New York Times revealed today that Massad Boulos is not a billionaire. He may not even be a millionaire. He seems like a nice guy, but he didn’t bother to correct Trump when the big guy promoted the myth that Tiffany’s father-in-law was a major mogul, a tycoon. He is not.

The Times reported:

President-elect Donald Trump’s incoming Middle East adviser, Massad Boulos, has enjoyed a reputation as a billionaire mogul at the helm of a business that bears his family name.

Mr. Boulos has been profiled as a tycoon by the world’s media, telling a reporter in October that his company is worth billions. Mr. Trump called him a “highly respected leader in the business world, with extensive experience on the international scene.”

The president-elect even lavished what may be his highest praise: a “dealmaker.

In fact, records show that Mr. Boulos has spent the past two decades selling trucks and heavy machinery in Nigeria for a company his father-in-law controls. The company, SCOA Nigeria PLC, made a profit of less than $66,000 last year, corporate filings show.

There is no indication in corporate documents that Mr. Boulos, a Lebanese-American whose son is married to Mr. Trump’s daughter Tiffany, is a man of significant wealth as a result of his businesses. The truck dealership is valued at about $865,000 at its current share price. Mr. Boulos’s stake, according to securities filings, is worth $1.53.

In fact, as the Times put it, Mr. Boulos is “a small-time truck salesman.” Doubtless he is a “dealmaker,” as he agrees with customers on the price of the truck he is selling.

As for Boulos Enterprises, the company that has been called his family business in The Financial Times and elsewhere, a company officer there said it is owned by an unrelated Boulos family.

Mr. Boulos will advise on one of the world’s most complicated and conflict-wracked regions — a region that Mr. Boulos said this week that he has not visited in years. The advisory position does not require Senate approval….

Mr. Boulos, a Christian from northern Lebanon who emigrated to Texas as a teenager, has risen in prominence since 2018, when his son Michael began dating Tiffany Trump.

This year, Massad Boulos helped Mr. Trump woo Arab-American voters, and in the fall served as a go-between for Mr. Trump and the Palestinian Authority leader Mahmoud Abbas.

In October, The Times asked him about his wealth and business dealings.

“Your company is described as a multibillion-dollar enterprise,” a reporter said. “Are you yourself a billionaire?”

Mr. Boulos said he did not like to describe himself that way, but that journalists had picked up on the label.

“It’s accurate to describe the company as a multibillion-dollar—?” the reporter followed up.

“Yeah,” Mr. Boulos replied. “It’s a big company. Long history.”

Versions of this history have been recounted in The New York TimesThe EconomistCNNand The Wall Street Journal.

But in a subsequent interview on Tuesday, Mr. Boulos said that he had only meant to confirm that other news outlets had written — incorrectly — that he runs such a company.

David Armiak of the Center for Media and Democracy reviewed the recent defeat of vouchers in three states: Colorado, Kentucky, and Nebraska. He points out that vouchers have never won a state referendum. Voters have always said “No” to sending public money to private and religious schools.

Who pays for the state campaigns on behalf of vouchers?

Billionaires.

The two most reliable funders of voucher proposals are billionaires Betsy DeVos and Charles Koch.

The billionaires keep pushing vouchers even though we now know that they are subsidies for families whose children are already enrolled in private schools. And we now know that vouchers don’t help public school students who use them. And we now know that vouchers are a huge drain on state budgets and always cost more than predicted.

DeVos and Koch like to fund failure. Their goal is not to improve education but to destroy public schools.

Armiak writes:

The dark money group Advance Colorado Action (ACA, formerly Unite for Colorado) qualified the ballot measure, but most of the identifiable money spent pushing its passage came from a related advocacy group, Colorado Dawn.

Unite for Colorado was founded in 2019 by Dustin Zvonek, the former vice president for strategy and innovation and state director for Charles Koch’s astroturf operation Americans for Prosperity. As of 2022, Unite for Colorado provided Colorado Dawn with almost half of its revenue ($2.7 million out of $5.9 million).

Both groups have been hit with multiple campaign finance complaints in recent years, including one last month against Colorado Dawn for sending misleading text messages and spending money to influence a ballot measure without registering as an issue committee.

Colorado Dawn reported spending nearly $1.9 million as of October 23 to back Amendment 80, The Colorado Sun reported.

In Kentucky, voters in every county rejected Amendment 2 by a margin of almost two to one (65%).

If it had passed, the state constitution would have been amended to allow public funding to go to private schools.

A record-breaking $14 million was spent by groups in favor and against the amendment, Kentucky Public Radio reported. The Protect Freedom PAC pulled in $5 million from school privatization billionaire Jeff Yassand spent $4 million on ads supporting the measure.

Other groups spending in favor of the amendment included Kentucky Students First ($2.5 million); Empower Kentucky Parents ($1.25 million); Empower Kentucky Parents PAC ($800,000); and the state chapter of Koch’s Americans for Prosperity ($328,000).

Empower Kentucky Parents received $1 million from American Federation for Children, a group organized and funded by the billionaire DeVos family. Betsy DeVos served as secretary of education during Trump’s first term in office and now supports his plans to eliminate the department.

In Nebraska, 57% of voters supported a ballot measure (Referendum 435) to repeal a new state law that would have provided parents with $10 million in public funds per year in the form of vouchers for their children to attend private K–12 schools.

The Nebraska Examiner reported that Keep Kids First spent just $111,000 as of November 4 to prevent the repeal of the referendum in the Cornhusker state. The American Federation for Children is also the largest known donor so far to Keep Kids First, giving $561,500 in 2023–24.

This is a sickening article that appeared in The Irish Times about a meeting on Capitol Hill between Congressional leaders and Elon Musk and Vivek Ramaswamy.

Why is it sickening? It shows our elected Congressional leaders preening and groveling in the presence of the world’s richest man and a man who is only very rich.

Our Leaders? Who elected Elon and Vivek?

Why an article from The Irish Times? My good friend and executive director of the Network for Public Education Carol Burris is spending the holidays there and sent it to me.

As you read the article, you can feel the obsequiousness that these elected officials are expressing as they wait for the phony Department of Government Efficiency to tell them what to cut.

“Elon and Vivek talked about having a naughty list and a nice list for members of Congress and senators and how we vote,” reported Georgia congresswoman Marjorie Taylor Greene who offered a beaming smile that suggested she knew which list she’d be making. “And how we’re spending American people’s money. I think that would be fantastic.”

One wonders what Ted Kennedy or Henry Clay or Lyndon Johnson, during their Senate years, would have made of two billionaires with zero political experience or authority, breezing into the Capitol and explaining to them they had a chance to make the nice list.

Speaker Johnson promised that Thursday’s meetings will be the first of many visits by Musk and Ramaswamy. “We believe it’s a historic moment for the country and these two gentlemen are going to help us navigate through this exciting day. Elon and Vivek don’t need much of an introduction here in Congress for certain and I think most of the public know what they are capable of and have achieved.

“They are innovators and forward thinkers and that’s what we need right now. We are laying the new ground rules for the new Congress in the new year, and we are going to see a lot of change here in Washington of the way things are run. That is what this whole Doge effort is about.”

Should they cut Social Security? Medicare? Veterans’ Healthcare? Grants for higher education? Title 1? Headstart?

Everything is on their chopping block.

How many civil servants will they seek to terminate?

Musk cut 80% of the staff at Twitter. Will he aim to lay off a huge percentage of the people who keep government running?

Musk tweeted a few days ago that government “should be rule by democracy, not rule by bureaucracy.”

How is it democratic to allow two unelected oligarchs to decide which programs should be eliminated? Why do Elon and Vivek–who will never need Medicare or Social Security–get to decide whether the rest of us can keep the programs that we rely on? If they get their way, there will be more people dying of health conditions that could been treated, more seniors eating cat food for dinner.

The politicians eagerly await their marching orders.

Sickening.

Thirteen years ago, Republican Governor Scott Walker and the legislature of Wisconsin enacted Act 10, which banned collective bargaining for public employees, except for public safety employees. Teachers, social workers, and other public employees were outraged. They encircled the State Capitol for days. Walker became a star, and his sponsors, the Koch brothers, were happy.

But today, Act 10 was declared unconstitutional. Time will tell whether the decision is upheld.

A Dane County judge on Monday sent ripples through Wisconsin’s political landscape, overturning a 13-year-old law that banned most collective bargaining among public employees, consequently decimating the size and power of employee unions and turning then-Republican Gov. Scott Walker into a nationally known political figure.

But there’s been a revival of hope in Wisconsin:

The effort to overturn Act 10 began in November 2023 when several unions representing public employees filed the lawsuit, citing a “dire situation” in workplaces with issues including low pay, staffing shortages and poor working conditions. 

In July,  Dane County Circuit Judge Jacob Frost ruled provisions of Act 10 unconstitutional and denied a motion filed by the Republican-controlled Legislature to dismiss the case.

The lawsuit argued the 2011 law violated equal protection guarantees in the Wisconsin Constitution by dividing public employees into two classes: “general” and “public safety” employees. Public safety employees are exempt from the collective bargaining limitations imposed on “general” public employees.

Perry Bacon, a regular columnist for The Washington Post, paints a sunny view of the politics of education. He thinks that the public is so strongly united behind their public schools that Trump might back off his plan to turn federal funding into vouchers. Higher education, however, is a different story, he says, with a bipartisan coalition arrayed against student protests and debt relief.

I do not share his view that Republicans will relinquish their fealty to vouchers and privatization. No matter how determined the public is to defend their public schools, the billionaires who want vouchers are unrelenting. Bacon doesn’t see that the monied people don’t give a damn what the public wants. Betsy DeVos, the Koch machine, Jeff Yass, and Texas billionaires Tim Dunn and Farris Wilks don’t care what the public wants. Perry Bacon would have written a different article if he had read Josh Cowen’s new book The Privateers: How Billionaires Started a Culture War

Bacon writes:

The Biden years have featured some surprising bipartisan and cross-ideological coalitions on education issues, including school vouchers and protests on college campuses, that might extend into Donald Trump’s presidency. It’s the rare policy area where the divides aren’t simply along party lines.


On K-12 education, Republican and Democratic voters have unified — against the desires of powerful conservative groups and Republican politicians. The political right has long been frustrated with American education and is pushing a number of major changes, most notably voucher programs that would put more kids in private schools and either shrink or, perhaps eventually, dismantle the public school system.


But a clear majority (57 percent) in Nebraska earlier this month voted to repeal a voucher initiative, nearly matching Trump’s support there (60 percent). In Kentucky, all 120 counties (and 62 percent of voters) rejected a proposal to start a voucher program.


The results from those two states aren’t outliers. States with huge Republican majorities in their legislatures have struggled to get voucher programs passed because lawmakers are hearing from wary constituents, including Republicans. Even when they are enacted, voucher programs so far have not resulted in a huge number of students flooding to private schools.

In another rejection of conservative education policy, Moms for Liberty, the group that backs right-wing candidates running in local school board races, has struggled electorally. Only about one-third of the candidates it backed won their races last year, according to a Brookings Institution analysis. (There hasn’t yet been a detailed analysis of the group’s election results in 2024.) There has been a strong backlash against Moms for Liberty and other conservative groups seeking to ban books on racial and LGBTQ+ issues from public schools.


Meanwhile, counties throughout Florida, where Trump won easily, voted to increase local property and sales taxes to boost public school funding.


What’s behind this strong support of public schools? Only 45 percent of all Americans and 31 percent of Republicans say they are satisfied with public schools nationally, according to Gallup polling. But 70 percent of all Americans and 62 percent of Republicans are satisfied with the schools their kids are attending. Education policy tends to reflect local dynamics, so schools in very conservative areas are probably cautious in speaking about racism or LGBTQ+ issues. But what I suspect is actually driving that strong support for public schools is that for Republicans, particularly in rural areas, public schools are a central, positive part of their lives, where their friends and relatives work and their kids play sports.


But on higher-education policy, the bipartisan coalition is against the left. Like their Republican counterparts, many Democratic politicians and prominent left-of-center leaders and activists think both that the United States became overly invested in recent decades in having people attend college and that campuses are too left-wing. (I disagree with both claims.)

So in the spring, Democratic politicians, including President Joe Biden, joined Republicans in portraying on-campus protests against Israel’s military actions in Gaza as antisemitic. Schools in both red and blue states, pushed by their centrist or conservative governing boards, have now created new limits on protests, particularly barring the kind of encampments that pro-Palestinian students created.


Biden himself was under fire from centrist Democrats and Republicans alike for trying to cancel student-loan debt, a policy strongly backed by many progressives. Many in either party argue that mass college attendance, unlike K-12 education, is not a necessity for the country and people who accrued debt during college knew the costs and should pay it back in full. The recent progressive pushes for both universal free college and mass debt cancellation seem stalled for now.


Prominent liberals have joined conservatives in questioning the value of humanities classes and departments and want colleges to focus more on graduating students ready to work in science, technology and other fields where jobs are growing. Nearly every day a Democratic politician says something along the lines of, “Our party is too influenced by the views and perspectives of professors and students on campuses and college graduates,” mirroring the rhetoric of conservatives such as Vice President-elect JD Vance.


How did we end up with Republican voters defending public schools and Democratic politicians criticizing colleges? Part of the explanation for why education policy hasn’t split on predictable partisan lines is that Biden hasn’t made the issue one of his major priorities. Education Secretary Miguel Cardona has been more low-profile than Betsy DeVos and Arne Duncan. Biden didn’t have a major education initiative such as No Child Left Behind (President George W. Bush) or Race to the Top (President Barack Obama).

Trump and his incoming administration could make this issue super-partisan. The activist right is unified around the idea that both K-12 schools and colleges are using taxpayer dollars to force liberal ideas on young people, particularly on issues of race, gender and sexual orientation. So, the Trump administration could push hard to get more K-12 students enrolled in private schools, stop K-12 schools and colleges from offering classes out of line with conservative ideology, and limit on-campus protests for left-wing causes.


Trump, in his post on Truth Social announcing that Linda McMahon would be education secretary, emphasized his support for vouchers.
But in that statement, Trump also said that education policy should be left largely to states. (It’s not clear that Trump can or would fully eliminate the federal Education Department, as he suggested during the campaign.) So perhaps his administration will take a more hands-off approach, aware that many Republican voters like how their schools are run locally.


Looking forward, it’s possible that Republican voters fall in love with voucher programs if the Trump administration pushes them hard. Or perhaps Democratic politicians will feel more compelled to defend colleges if they become a target of Trump.

But if I had to guess, I would predict that education policy continues to be an issue that doesn’t break down simply along party lines. After all, it’s personal for so many Americans, who vividly remember their time in grade school or college. And it’s complicated — exactly how should colleges have handled the Gaza protests? The happy middle for America might be a robust public school system, more of a Democratic goal, along with less liberal colleges that fewer people attend, more in line with Republican preferences.

CNN reports that Elon Musk has launched a reign of terror against top-level career employees by posting their names and saying their jobs are worthless. Some have received death threats. Is there a crime called cyberbullying? Is it just coincidental that all four of his targets are women?

Elon Musk is really a vile man. He is the richest man in the world, and you can see that his wealth has made him the most arrogant, most uncaring man in the world.

CNN posted:

When President-elect Donald Trump said Elon Musk and Vivek Ramaswamy would recommend major cuts to the federal government in his administration, many public employees knew that their jobs could be on the line.

Now they have a new fear: becoming the personal targets of the world’s richest man – and his legions of followers.

Last week, in the midst of the flurry of his daily missives, Musk reposted two X posts that revealed the names and titles of people holding four relatively obscure climate-related government positions. Each post has been viewed tens of millions of times, and the individuals named have been subjected to a barrage of negative attention. At least one of the four women named has deleted her social media accounts.

Although the information he posted on those government positions is available through public online databases, these posts target otherwise unknown government employees in roles that do not deal directly with the public.

Several current federal employees told CNN they’re afraid their lives will be forever changed – including physically threatened – as Musk makes behind-the-scenes bureaucrats into personal targets. Others told CNN that the threat of being in Musk’s crosshairs might even drive them from their jobs entirely – achieving Musk’s smaller government goals without so much as a proper review.

“These tactics are aimed at sowing terror and fear at federal employees,” said Everett Kelley, president of the American Federation of Government Employees, which represents more than 800,000 of the 2.3 million civilian federal employees. “It’s intended to make them fearful that they will become afraid to speak up.”

This isn’t new behavior for Musk, who has often singled out individuals who he claims have made mistakes or stand in his way. One former federal employee, previously targeted by Musk, said she experienced something very similar.

“It’s his way of intimidating people to either quit or also send a signal to all the other agencies that ‘you’re next’,” said Mary “Missy” Cummings, an engineering and computer science professor at George Mason University, who drew Musk’s ire because of her criticisms of Tesla when she was at the National Highway Traffic Safety Administration….

One of the posts reads: “I don’t think the US taxpayers should pay for the employment of a ’Director of Climate Diversification (she/her)’ at the US International Development Finance Corporation,” with a partial screengrab of an employee and her location.

Musk, who called himself “super pro climate” in an X post last year, reposted and commented: “So many fake jobs.” The post has received more than 33 million views and a storm of negative comments. Some called the role a “fraud job” and others demanded Musk’s Department of Government Efficiency cut jobs like it. One user commented: “Gravy train is over.”

It appears the woman Musk targeted has since gone dark on social media, shutting down her accounts. The agency, the US International Development Finance Corporation, says it supports investment in climate mitigation, resilience and adaptation in low-income countries experiencing the most devastating effects of climate change. A DFC official said the agency does not comment on individual personnel positions or matters.

Musk also called out the Department of Energy’s chief climate officer in its loan programs office. The office funds fledgling energy technologies in need of early investment and awarded $465 million to Tesla Motors in 2010, helping to position Musk’s electric vehicle company as an EV industry leader. The chief climate officer works across agencies to “reduce barriers and enable clean energy deployment” according to her online bio.

Another woman, who serves as senior advisor on environmental justice and climate change at the Department of Health and Human Services, was another Musk target. HHS focuses on protecting the public health from pollution and other environmental hazards, especially in low-income communities and communities of color that are experiencing a higher share of exposures and impacts. The office first launched at Health and Human Services under the Biden administration in 2022.

Did Elon Musk say that? Yes, he did.

Snopes, the fact-checking service, confirmed that billionaire Elon Musk said that Jeff Bezos’ ex-wife, MacKenzie Scott, was a “reason why Western Civilization died.”

Why? Because since her divorce, Scott has given away billions of dollars to charitable organizations that help women and racial minorities.

Snopes provided this context:

Musk wrote in response to a post on X that, “‘Super rich ex-wives who hate their former spouse'” should be listed among “‘Reasons that Western Civilization died.'” That post said of Scott’s philanthropic efforts that “over half of the orgs to which she’s donated so far deal with issues of race and/or gender.” Musk later deleted his post.

Questions:

Does Elon Musk make charitable gifts? If so, where does he give? There are tax breaks for giving to charity. What are Elon’s charities?

Trump put Elon Musk and Vivek Ramaswamy in charge of a “Department of Government Efficiency” and told them to have fun cutting the federal budget. A billionaire and a millionaire who know nothing about government programs will start hacking away.

The Washington Post helpfully assembled a list of programs that are prime targets.

Jacob Bogage wrote:

Trump government efficiency advisers Elon Musk and Vivek Ramaswamy have pledged not to bring a chisel to government spending, but rather “a chainsaw.” The particular approach Ramaswamy has in mind could threaten dozens of programs that tens of millions of Americans rely on each day.


Ramaswamy floated on social media a proposal to eliminate programs that Congress funds but where specific spending authorization has lapsed. That may sound like an easy source of savings, but it would ax veterans’ health-care programs, drug research and development, opioid addiction treatment — even the State Department.


“We can & should save hundreds of billions each year by defunding government programs that Congress no longer authorizes,” Ramaswamy wrote.


The approach from President-elect Donald Trump, Musk and Ramaswamy’s out-of-government “Department of Government Efficiency,” or DOGE, demonstrates a fundamental misunderstanding of Congress and federal spending, experts say.


Though Ramaswamy suggested that programs Congress no longer authorizes are prime targets for cuts, in reality, many programs where Congress has let authorization lapse are covered by funding bills that policy wonks call “self-authorizing.”

In other words, instead of needing two laws — one to approve funding for an agency and another to actually allocate the money — Congress only passes one: the allocation, which intrinsically gives a department authority to spend its funding. It is Congress’s way of making legislative work more efficient, and its legality has been confirmed by numerous government studies.


There is plenty of room for policymakers to uncover and eliminate excess federal spending, experts say, an issue made even more serious by the country’s deteriorating financial health. The national debt is expected to eclipse $36 trillion in the coming days; Trump’s first-term policies accounted for $8.4 trillion of that amount, according to the nonpartisan Committee for a Responsible Federal Budget.


It just might be more difficult than DOGE’s backers suggest.


“It is obviously important for the government to be good stewards of taxpayer dollars. There’s real bipartisan areas where people agree there’s stuff to be done. But what Elon and Vivek and Trump are going for is not that,” said Bobby Kogan, an analyst at the center-left think tank Center for American Progress. “They don’t even get the basics right. They get the size of the budget wrong. They named it after a meme. In no way are they actually taking this seriously.”

Musk and Ramaswamy beg to differ, and have called the DOGE commission the United States’ next Manhattan Project.


“There’s a new sheriff in town. Donald Trump’s the president. He has mandated us for radical, drastic reform of this federal bureaucracy with the learnings of that first term,” Ramaswamy said on Fox News. “And look, Elon and I — Elon is solving major problems of physics. I came from the world of biology. What we’re solving here now is not a natural problem. This is a man-made problem, and when you have a man-made problem, you better darn well have a man-made solution. That’s what we’re bringing to the table.”
Trump transition officials did not immediately return a request for comment.


The programs without separate spending authorization that Ramaswamy would do away with represent more than $516 billion, according to the Congressional Budget Office. The 10 largest make up $380 billion. Here’s a look at what some of those programs do.

Veterans’ health care


A 1996 law set eligibility requirements for military veterans to receive hospital, medical and nursing home care and authorized spending for those services and patient enrollment. That law has not been renewed, but Congress regularly allocates additional Department of Veterans Affairs funding and allows benefits to increase automatically based on inflation. VA provides medical care to more than 9.1 million enrolled veterans, according to the agency.
Drug development and opioid addiction treatment.


Most of this spending relates to the bipartisan 21st Century Cures Act of 2016. That law provided money to the National Institutes of Health and Food and Drug Administration to modernize pharmaceutical research and medical trials. It funded research for cancer cures and state-level grants for opioid addiction and other substance abuse treatment.


State Department


In 2003, Congress passed the Foreign Relations Authorization Act, which set policy priorities and created spending authority for the State Department. That law has not been renewed, but Congress every year since has passed annual funding bills for the department, which Trump has announced he’ll nominate Sen. Marco Rubio (R-Florida) to run.


Housing assistance


President Bill Clinton in 1998 signed the Quality Housing and Work Responsibility Act, which overhauled federal housing assistance policies, including voucher programs and other antipoverty assistance. The Department of Housing and Urban Development and other agencies continue using this law to implement federal housing programs.


Justice Department


In 1994, Congress passed the landmark Violence Against Women Act and has renewed it multiple times since. In 2006, lawmakers packaged a VAWA renewal with authorizing legislation for the Justice Department. As with the State Department, Congress has not approved new authorizing legislation for the Justice Department since, but it has funded the agency — and even authorized hundreds of millions of dollars more for a new FBI headquarters — every year.


Education spending


The 2015 Every Student Succeeds Act delegated power to state and local education officials to set primary and secondary education achievement standards. It gives billions of dollars in federal grant money to state and local education officials to fund schools and school districts. Those standards are still used by the Education Department, even though the legislation has not been reauthorized. Trump has suggested he’d like to eliminate the entire department.


NASA


Stripping funding for NASA, which was last reauthorized in 2017, could spell doom for Musk’s commercial spaceflight firm, SpaceX. The company has contracts worth more than $4 billion — including for return trips to the moon and retiring the International Space Station — linked to programs approved in the 2017 law.
Health-care and student loan programs
What’s known as the Affordable Care Act, or Obamacare, was actually passed in two separate bills in 2010. The Health Care and Education Reconciliation Act represents the second bill, which included some tax revisions and technical changes to the ACA. The law has not been reauthorized since, but the Department of Health and Human Services reported in March that more than 45 million people have health insurance coverage backed by the Affordable Care Act.

The law that made those final tweaks to the ACA also overhauled the Education Department’s student loan program. Where some schools relied on private lenders to issue federally backed loans, with this law, the government itself became the lender. That change has since enabled President Joe Biden to offer student loan debt relief, though many of his most ambitious policies have been blocked by the courts. Student loans are generally funded through mandatory spending — similar to social safety net programs such as Medicare and Social Security — and not subject to annual spending laws.


International security programs


The 1985 International Security and Development Cooperation Act bundled together authorizations for a number of international security programs, including funding and regulations for arms sales to allies, economic aid for developing countries, airport security, anti-narcotics-trafficking policies, the Peace Corps and more. This Reagan-era law continues to be foundational to congressional funding and federal policy.


Head Start


Head Start provides preschool education for children from low-income families. In the 2023 fiscal year, more than 800,000 children enrolled in Head Start programs, according to the National Head Start Association. The program also helped place more than 530,000 parents in jobs, school or job-training programs. It was last authorized in 2007.

The article contains a graphic of programs that are on the chopping block, along with their appropriations. I can’t copy it. If you subscribe to the Washington Post, please open the link and post the graphic in your comment.

The Washington Post identified the top individual donors to politics in this campaign.

The 50 biggest donors this cycle have collectively donated over $2.5 billion into political committees and other groups competing in the election, according to a Washington Post analysis of Federal Election Commission data.

These megadonors skew Republican, though they affiliate with Democrats and third parties as well.

Donations by top 50 individuals and organizations to committees that are mostly …

Republican-leaning–$1.6B

Democrat-leaning–$752.3M

Supportive of both parties–$214M

Cryptocurrency and realtor groups were the only donors to both major parties

The vast majority of money from top donors has gone to super PACs, which can accept unlimited sums from individuals and often work closely with campaigns despite rules against coordinating their advertising.

Top individual donors

From billionaire investors to shipping magnates, here’s who they are and their top donations.

************************

Timothy Mellon REPUBLICAN

Railroad magnate and heir

Total large donations: $197M

Top donor: $197M

Top donations

$150M

Supports Donald Trump’s presidential campaign 

MAKE AMERICA GREAT AGAIN INC.

AMERICAN VALUES 2024

$25M

Supports Robert F. Kennedy Jr.’s presidential campaign 

CONGRESSIONAL LEADERSHIP FUND

$15M

Supports Republican House candidates

The reclusive Wyoming-based businessman is the scion of former Treasury secretary and banking tycoon Andrew Mellon.

*************************

Richard & Elizabeth Uihlein –REPUBLICAN

Shipping magnates

Total large donations: $139M

Top donations

RESTORATION PAC

$76.2M

Opposes Senate campaign of Tammy Baldwin (D-Wis.) 

CLUB FOR GROWTH ACTION

$19M

Right-leaning super PAC

MAKE AMERICA GREAT AGAIN INC.

$10M

Supports Donald Trump’s presidential campaign 

The couple founded Uline, a Wisconsin-based shipping and packaging materials company. They give to causes outside the GOP’s mainstream, helping to push the party further to the right.

*************************

Miriam Adelson –REPUBLICAN

Physician and widow of businessman and casino owner Sheldon Adelson

Total large donations: $136M

Top donations

PRESERVE AMERICA PAC

$100M

Supports Donald Trump’s presidential campaign 

SENATE LEADERSHIP FUND

$15M

Supports Republican Senate candidates 

CONGRESSIONAL LEADERSHIP FUND

$9M

Supports Republican House candidates

Adelson, a doctor who has focused on addiction, is the widow of businessman Sheldon Adelson and the majority shareholder of Las Vegas Sands.

***********************

Elon Musk–REPUBLICAN

Billionaire technology executive

Total large donations: $132.2M

Top donations

AMERICA PAC

$118.6M

Supports Donald Trump’s presidential campaign 

SENATE LEADERSHIP FUND

$10M

Supports Republican Senate candidates 

THE SENTINEL ACTION FUND

$2.3M

Supports Republican Senate candidates 

Musk, one of the world’s richest men, founded electric car company Tesla. After endorsing Trump on X this summer, he has posted extensively on the platform, which he owns, in support of the former president.

***************************

Kenneth Griffin–REPUBLICAN

Hedge fund manager

Total large donations: $103.7M

Top donations

SENATE LEADERSHIP FUND

$30M

Supports Republican Senate candidates 

CONGRESSIONAL LEADERSHIP FUND

$17M

Supports Republican House candidates

KEYSTONE RENEWAL PAC

$15M

Supports Senate campaign for Republican Dave McCormick (Pa.)

The billionaire is founder and CEO of the hedge fund Citadel.

**************************

Jeff & Janine Yass–REPUBLICAN

Financier and education advocate

Total large donations: $96.2M

Top donations

CLUB FOR GROWTH ACTION

$35M

Right-leaning super PAC

PROTECT FREEDOM POLITICAL ACTION COMMITTEE

$19M

Conservative PAC funded by Jeff Yass’s company

CONGRESSIONAL LEADERSHIP FUND

$10M

Supports Republican House candidates

Jeff is co-founder of the Pennsylvania-based investment company Susquehanna International Group. His wife, Janine, founded a charter school and is an advocate for school choice. [Both Jeff and Janine are major funders of charter schools and vouchers. Jeff Yass gave Texas Governor Greg Abbott to promote voucher legislation.]

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Paul Singer –REPUBLICAN

Hedge fund manager and activist investor

Total large donations: $63.4M

Top donations

SENATE LEADERSHIP FUND

$27M

Supports Republican Senate candidates 

CONGRESSIONAL LEADERSHIP FUND

$14.5M

Supports Republican House candidates

MAKE AMERICA GREAT AGAIN INC.

$5M

Supports Donald Trump’s presidential campaign 

The billionaire is founder and co-CEO of Elliott Management.

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Michael Bloomberg–DEMOCRAT

Former mayor of New York City

Total large donations: $47.4M

TOP DONATIONS

FF PAC

$19M

Supports Kamala Harris’s presidential campaign 

HMP

$10M

Supports Democratic House candidates

EVERYTOWN-DEMAND A SEAT PAC

$7M

Supports pro gun-control candidates

Bloomberg is co-founder of the financial software and media company that bears his name. He served as mayor of New York for three terms and ran for president in 2020.

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Stephen & Christine Schwarzman–REPUBLICAN

Investor and philanthropist

Total large donations: $40M

Top donations

SENATE LEADERSHIP FUND

$9M

Supports Republican Senate Candidates

MORE JOBS, LESS GOVERNMENT

$8M

Supports Senate campaign for Republican Tim Sheehy (Mont.)

GLCF, Inc.

$4.5M

Supports Senate campaign for Republican Mike Rogers (Mich.)

Republican Stephen Schwarzman is the CEO of private equity firm Blackstone. The couple are major philanthropists.

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Dustin Moskovitz–DEMOCRAT

Facebook co-founder

Total large donations: $38.9M

Top donations

FF PAC

$38M

Supports Kamala Harris’s presidential campaign 

The technology entrepreneur became a billionaire after co-founding Facebook. He has given millions to support Democratic presidential candidates since 2016.

After Jeff Bezos, billionaire owner of The Washington Post, stopped publication of the editorial board’s endorsement of Kamala Harris, digital subscribers revolted. According to a report in The Post, at least 250,000 canceled their subscriptions.

Past and present journalists at the newspaper urged readers not to cancel. Loss of revenue means future layoffs.

Even with the cancellation of the endorsement, the Post remains the most forthright and persistent critic of Trump and his racism, misogyny, xenophobia, as well as his all-around unfitness for office.

Those who look for a future with a stable, functioning two-party system–post-MAGA–should resubscribe.