David DeWitt

@daviddewitt.bsky.social

20766 Followers 1347 Following

Editor in Chief and Opinion Columnist. @ohiocapitaljournal.com.

Billions lost (for America). The Washington Post reports, "Tax revenue could drop by 10 percent amid turmoil at IRS." Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024. Billions gained (for Elon Musk). The New York Times reports, "SpaceX Positioned to Secure Billions in New Federal Contracts Under Trump." Mr. Musk, as the architect of a group he called the Department of Government Efficiency, has taken a chain saw to the apparatus of governing, spurring chaos and dread by pushing out some 100,000 federal workers and shutting down various agencies, though the government has not been consistent in explaining the expanse of his power. But in selected spots across the government, SpaceX is positioning itself to see billions of dollars in new federal contracts or other support, a dozen current and former federal officials said in interviews with The New York Times
Aldous Huxley quote: “Reality cannot be ignored except at a price.”
Elon Musk wielding a chainsaw
A graphic of inflation in the U.S. showing it peaked in 2022 and has come back down. But started to rise again in 2025.
"Legal experts warn of 'constitutional crisis' as JD Vance and Elon Musk question judges' authority over Trump."