… Trump seems to be basing this on some analysis from the DOGE boys. This appears to have been one of the DOGE boys’ main goals at Treasury, getting access to details about what kinds of payments Treasury makes, the answer being close to everything the U.S. government does outside of the Pentagon and some of the Pentagon stuff too. The Treasury also services the U.S. debt, which is what we’re talking about here. I’m less clear on what access to which part of the Treasury Department these guys could have gotten to get information about how the Treasury Department sells and services Treasury notes. But all that detail aside, imagine thinking that by downloading a ton of data and having a few days to analyze it you could make the determination that a significant amount of the U.S. national debt wasn’t real and didn’t have to be paid. It’s hardly the craziest thing we’ve seen over recent days. But it’s still worth noting how nuts that is.

I’m lost for words.