Biotech 25 years. Capitalist always. Socialism is Cancer. Kicked off X for not liking Socialism. I guess I will stick to Biotech. Live n Learn. Now just Lurking
Nice track record there Newscum
1. Unemployment Insurance Fraud (EDD) — Tens of Billions
During the COVID-19 pandemic, California’s Employment Development Department (EDD) paid out an estimated $20 billion in fraudulent unemployment claims, with total improper payments reaching ~$55 billion in some estimates. International crime rings exploited weak https://t.co/GYwfgaFktB
Overall EDD fraud losses cited around $32–33 billion. The agency had minimal fraud checks (e.g., only two staff reviewing prisoner cross-checks) and continued vulnerabilities years later.
The State Auditor has kept EDD on its "high-risk" list for ongoing improper payments and poor oversight. California also took federal loans for its UI trust fund that it has not fully repaid, leaving businesses on the https://t.co/ED2e8WjNAv
2. Homelessness Programs — $24B+ with Limited Results and Tracking
California spent roughly $24 billion on homelessness and housing programs from ~2018–2023 (some reports cite up to $37 billion over six years). Despite this, the state’s homeless population grew (it leads the U.S.) and outcomes were poorly https://t.co/HRK2q9vmD2
A 2024 state audit found inconsistent data on effectiveness; only some programs (e.g., motel conversions, family prevention aid) were deemed likely cost-effective. Much of the spending lacked strong accountability for https://t.co/TUcl4RHHPo
Critics argue this equates to very high per-person costs with streets still showing visible encampments.
3. High-Speed Rail — Massive Overruns, No Operational Track
The project (promised LA–SF link) was originally ~$33 billion with a 2020 completion. It has ballooned to $100–135+ billion estimates, with $15–16+ billion already spent and no high-speed track laid or trains https://t.co/EKAVNdRtGM
Delays span decades; recent segments (e.g., Merced–Bakersfield) face further issues. Federal funding cuts (e.g., $4+ billion) have been contested by Newsom. It’s widely called a symbol of mismanagement and waste.
4. Broader Fraud and Improper Payments Estimates
Aggregated claims (e.g., from Manhattan Institute/City Journal reports) put total losses at ~$180 billion across programs like unemployment, Medi-Cal (healthcare fraud estimates in the tens to hundreds of billions via improper eligibility/payments), and other areas. These include organized crime https://t.co/EOjUiArBfE
Medi-Cal faces eligibility issues risking billions in federal funds. Seven+ state agencies are now "high-risk" per the https://t.co/5VfjxwjG6e
Other examples: $1.7B no-bid COVID testing contract issues; $4.6M+ wasted on unused state cell phones; smaller wastes like failed 9-1-1 upgrades.
Here is your record ... Ding-a-Ling
1. Unemployment Insurance Fraud (EDD) — Tens of Billions
During the COVID-19 pandemic, California’s Employment Development Department (EDD) paid out an estimated $20 billion in fraudulent unemployment claims, with total improper payments reaching ~$55 billion in some estimates. International crime rings exploited weak https://t.co/GYwfgaFktB
Overall EDD fraud losses cited around $32–33 billion. The agency had minimal fraud checks (e.g., only two staff reviewing prisoner cross-checks) and continued vulnerabilities years later.
The State Auditor has kept EDD on its "high-risk" list for ongoing improper payments and poor oversight. California also took federal loans for its UI trust fund that it has not fully repaid, leaving businesses on the https://t.co/ED2e8WjNAv
2. Homelessness Programs — $24B+ with Limited Results and Tracking
California spent roughly $24 billion on homelessness and housing programs from ~2018–2023 (some reports cite up to $37 billion over six years). Despite this, the state’s homeless population grew (it leads the U.S.) and outcomes were poorly https://t.co/HRK2q9vmD2
A 2024 state audit found inconsistent data on effectiveness; only some programs (e.g., motel conversions, family prevention aid) were deemed likely cost-effective. Much of the spending lacked strong accountability for https://t.co/TUcl4RHHPo
Critics argue this equates to very high per-person costs with streets still showing visible encampments.
3. High-Speed Rail — Massive Overruns, No Operational Track
The project (promised LA–SF link) was originally ~$33 billion with a 2020 completion. It has ballooned to $100–135+ billion estimates, with $15–16+ billion already spent and no high-speed track laid or trains https://t.co/EKAVNdRtGM
Delays span decades; recent segments (e.g., Merced–Bakersfield) face further issues. Federal funding cuts (e.g., $4+ billion) have been contested by Newsom. It’s widely called a symbol of mismanagement and waste.
4. Broader Fraud and Improper Payments Estimates
Aggregated claims (e.g., from Manhattan Institute/City Journal reports) put total losses at ~$180 billion across programs like unemployment, Medi-Cal (healthcare fraud estimates in the tens to hundreds of billions via improper eligibility/payments), and other areas. These include organized crime https://t.co/EOjUiArBfE
Medi-Cal faces eligibility issues risking billions in federal funds. Seven+ state agencies are now "high-risk" per the https://t.co/5VfjxwjG6e
Other examples: $1.7B no-bid COVID testing contract issues; $4.6M+ wasted on unused state cell phones; smaller wastes like failed 9-1-1 upgrades.
@DebbieSchlussel Not for a long time ...we set them back many many years. Trump did as much as he could. He has mid terms coming up. Hey if we get through that ..because we have to hold the house and get more Repub Senators. Trump can re-engage if he needs to. We need the Save Act passed.
Iran will not have a Nuke. It had to be done. Iran started this 47 years ago. I do not think chanting Death to America is a good idea...Or trying to assassinate a sitting US President is a good idea. They can have the Strait in a few years it will not matter. A lot of oil will be redirected through pipe lines and shipped out through the Red Sea.
@BiotechPort@TrumpDailyPosts Iran will not have a Nuke. It had to be done. Iran started this 47 years ago. I do not think chanting Death to America is a good idea...Or trying to assassinate a sitting US President is a good idea.
@GermanBiotech ? Well ..I do not see it that way. Iran will not have a Nuke. It had to be done. Iran started this 47 years ago. I do not think chanting Death to America is a good idea...Or trying to assassinate a sitting US President.
You know who is bigger idiot Tim Walz and Kamala was a clueless puppet..
Here are the details of MOU: 1. The permanent and immediate halt of war on all fronts, including Lebanon. 2. A U.S. commitment not to interfere in Iran’s internal affairs and to respect the sovereignty of the Islamic Republic of Iran. 3. The complete lifting of the naval blockade within 30 days. 4. A U.S. commitment to withdraw its forces from the areas surrounding Iran. 5. The reopening of the Strait of Hormuz within 30 days under Iranian “arrangements”. 6. The suspension of oil sanctions, petrochemical products and derivatives, and Iran’s full access to the financial proceeds from them. 7. The requirement for the US & its allies to present reconstruction plans for Iran worth at least $300 billion. 8. Sixty days of negotiations to reach a final agreement based on nuclear issues and the complete lifting of primary and secondary U.S. sanctions, as well as UN Security Council resolutions and resolutions of the IAEA Board of Governors. 9. Iran’s reiteration of its commitment under the NPT not to produce nuclear weapons. 10. During the negotiation period, the U.S. has committed not to add to its forces in the region and not to impose any new sanctions. 11. The release of $24 billion of Iran’s frozen funds during the 60-day period of final negotiations. Half of this amount must be made available to Iran before the negotiations begin. 12. The formation of a supervisory mechanism to implement the agreement. 13. The final agreement will be approved through a UN Security Council resolution. 14. Final negotiations will not begin before half of Iran’s frozen funds are released, Iran’s oil sanctions are suspended, and the naval blockade is lifted. The final agreement will be limited only to the fate of enriched materials, enrichment, sanctions relief, and the program for rebuilding Iran’s economy. Discussions about Iran’s missile program and support for Resistance groups have been definitively removed from the agenda
Vance says no 24 billion dollars. Iran gives up their nuclear program and may get something in return. Who’s lying. If Iran gives up its nuclear program you can kiss industrialized Iran goodbye.
WHOA: Vice President JD Vance just dropped a MASSIVE prediction about what the Iran deal could mean for the Middle East.
VANCE: “If the Iranians comply with this deal, it is going to fundamentally transform the Middle East for the next 50 years.”
“It’s going to end the war, it’s going to make the Middle East more investible, it’s going to mean a lot of prosperity, lower energy prices for the American people.”
“This region of the world has been a basket case for my entire life and longer than that and what the president has really set us to do is to certainly eliminate the nuclear threat of Iran, that’s done — but now possibly to build to a new era of prosperity and success...”