Politics
Column: This is the trouble with Elon Musk's debut as a federal budget negotiator
In the wake of a successful effort to kill a year-end spending bill and replace it with more limited legislation to keep the government open, Elon Musk declared victory last week on X (formerly Twitter), the social media platform he owns:
“Your actions turned a bill that weighed pounds into a bill that weighed ounces!” he crowed. “You are the media now. VOX POPULI VOX DEI.”
The stopgap funding measure will largely delay major spending decisions until after Donald Trump’s inauguration, keep the government open through the holidays and at least temporarily delay the most indefensible spending that was crammed into the scale-tipping bill. But those who believe the indefensible spending won’t end up back in the budget are endearingly optimistic.
The most interesting political takeaway from the drama is that the Republican Party now has two masters with different goals. Musk’s stated mission was to impose fiscal restraint and greater efficiency on government (though his unstated motives are a matter of speculation). Trump’s objective was to avoid the hassles of a debate over raising the government borrowing limit early in his term, freeing him to rack up more debt through spending and tax cuts.
Based purely on the political result, Musk won and Trump lost. Although the bill does spend less than the earlier version, it does not raise the debt ceiling.
A case can be made for both goals. I think Musk is indisputably correct about the need to cut spending. And although I don’t want Trump to be able to amass more debt, fights over the borrowing limit are reckless because they put the full faith and credit of the United States in doubt. The challenge for Republican legislators is that they are caught between the agendas of two figures who are very popular on the right, and those agendas — and perhaps others — are in conflict.
We’ll have to wait to see how the politics play out. In the meantime, I also want to address the more philosophical problems with Musk’s position.
First of all, literally weighing the value or profligacy of a piece of legislation by the ounce, as Musk proposes, is not exactly logical. The National Industrial Recovery Act — the foundational legislation of the New Deal — comes in at an economical 18 pages, but that hardly gives one a sense of its massive impact on the economy.
Then there’s the idea that Musk’s minor budget victory proves his X followers are “the media now.” Huh?
The standard conservative complaint about traditional media is that they mislead the public in the service of an ideological or self-serving agenda. But Musk rallied his virtual mob with a host of false claims about the bigger-spending bill. Now he is suggesting that misleading the public in the service of the agenda of the owner of a media platform is a glorious triumph. It’s certainly a triumph for if-you-can’t-beat-them-join-them hypocrisy.
Lastly, Musk’s oft-repeated motto “Vox populi, vox dei” — “The voice of the people is the voice of God” — is theological nonsense. Its use by British Whigs to challenge monarchical power in the 18th century was politically defensible, but it doesn’t take a divinity degree to understand that, taken literally, the phrase argues that God is subservient to the passions and vicissitudes of public opinion. It’s very difficult to find anything in the Old or New Testament to back up that idea.
If a poll were all it took to change God’s mind, Sodom and Gomorrah would have been fine, Noah wouldn’t have needed a boat and Jesus wouldn’t have had to ask God to “forgive them, for they know not what they do.”
One of the earliest mentions of the Latin phrase is found in the writings of Alcuin of York, an advisor to Charlemagne. Alcuin told the first holy Roman emperor to ignore such declarations of public godliness “since the riotousness of the crowd is always very close to madness.”
Musk started using the phrase “Vox populi, vox dei” to validate the verdicts of his own Twitter polls. When users voted to reinstate Trump’s account two years ago, Musk declared that the result he clearly wanted amounted to a divine statement. We can only guess what this says about Musk’s God complex and its compatibility with his role as Trump’s Alcuin.
But my main objection to Musk’s assertion is that it’s a dangerous lie. The idea that the largest mob has God on its side is even more pernicious than the notion that legislation should be measured in pounds.
SAN FRANCISCO — With the California governor’s race quickly approaching, six candidates will face off Wednesday evening in the first debate since former Rep. Eric Swalwell dropped out of the race in the aftermath of sexual assault and misconduct allegations.
The debate takes place at a critical moment in the turbulent contest to replace termed-out Gov. Gavin Newsom. Ballots will start landing in Californians’ mailboxes in less than two weeks, and voters are split by a crowded field of eight prominent candidates. The debate also takes place after former state Controller Betty Yee ended her campaign because of a lack of resources and support in the polls.
Two Republicans — Riverside County Sheriff Chad Bianco and conservative commentator Steve Hilton — and four Democrats — billionaire Tom Steyer, former Biden administration Secretary Xavier Becerra, former Orange County Rep. Katie Porter and San Jose Mayor Matt Mahan — will take the stage at Nexstar’s KRON4 studios in San Francisco. Former Los Angeles Mayor Antonio Villaraigosa and state Supt. of Public Instruction Tony Thurmond, both Democrats, were not invited to participate because of their low polling numbers.
As the candidates strive to distinguish themselves in a crowded field, the debate could include fiery exchanges about the role of money in politics and potential heightened attacks on Becerra, who has surged in the polls since Swalwell dropped out. With the debate taking place on Earth Day, environmental issues are also likely to be raised.
The Wednesday night gathering is the first televised debate in the gubernatorial contest since early February. Last month, USC canceled a debate hours before it was set to begin over mounting criticism that its criteria excluded all major candidates of color.
The 7 p.m. debate is hosted by Nexstar and will be moderated by KTXL FOX40 anchor Nikki Laurenzo and KTLA anchor Frank Buckley. It can be viewed on KRON4 (San Francisco), KTLA5 (Los Angeles), KSWB/KUSI (San Diego), KTXL (Sacramento), KGET (Bakersfield) and KSEE (Fresno). NewsNation will also air the debate.
new video loaded: Virginia Voters Approve New Map Favoring Democrats
By Shawn Paik
April 22, 2026
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Sparks flew on Capitol Hill as Sen. Elizabeth Warren, D-Mass., accused Federal Reserve nominee Kevin Warsh of being a potential “sock puppet” for President Donald Trump.
Warsh, tapped by Trump in January to lead the Federal Reserve, faced a two-and-a-half-hour confirmation hearing before the Senate Banking, Housing, and Urban Affairs Committee.
If confirmed, he would take the helm of the world’s most powerful central bank, shaping interest rates, borrowing costs and the financial outlook for millions of American households for the next four years.
WHO IS KEVIN WARSH, TRUMP’S PICK TO SUCCEED JEROME POWELL AS FED CHAIR?
Kevin Warsh, nominee for chairman of the Federal Reserve, listens to ranking member Sen. Elizabeth Warren, D-Mass., make an opening statement during his Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Tuesday, April 21, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
In her opening remarks, Warren sharply criticized Warsh’s record and questioned his independence, arguing he is “uniquely ill-suited for the job as Fed chair” and warning he could give Trump influence over the central bank.
She accused Warsh of enabling Wall Street during the 2008 financial crisis, which fell during his tenure as a Federal Reserve governor when he served from 2006 to 2011.
“In our meeting last week, we discussed the 2008 financial crash, where 8 million people lost their jobs, 10 million people lost their homes and millions more lost their life savings,” Warren said. “Giant banks, however, got hundreds of billions of dollars in bailouts… and he said to me that he has no regrets about anything he did.”
She added that Warsh “worked tirelessly to arrange multibillion-dollar bailouts” for Wall Street CEOs, with nothing for American families.
The hearing grew more tense as Warren pivoted to ethics concerns, pressing Warsh over his undisclosed financial holdings and questioning him over links to business dealings connected to the late convicted sex offender Jeffrey Epstein.
The two spoke over each other and raised their voices in a heated exchange on Capitol Hill.
WARSH’S $226 MILLION FORTUNE UNDER SCRUTINY AS FED NOMINEE FACES SENATE CONFIRMATION
Sen. Elizabeth Warren: The Fed has been plagued by deeply disturbing ethics scandals in recent years. It’s critical that the next chair have no financial conflicts — none. You have more than $100 million in investments that you have refused to disclose. So let me ask: do the Juggernaut Fund or THSDFS LLC invest in companies affiliated with President Trump or his family, companies tied to money laundering, Chinese-controlled firms, or financing vehicles linked to Jeffrey Epstein?
Kevin Warsh: Senator, I’ve worked closely with the Office of Government Ethics and agreed to divest all of my financial assets.
Warren: Could you answer my question, please? You have more than $100 million in undisclosed assets. Are any of those investments tied to the entities I just mentioned? It’s a yes-or-no question.
Warsh: I have worked tirelessly with ethics officials and agreed to sell all of my assets before taking the oath of office.
Warren: Are you refusing to tell us if you have investments in vehicles linked to Jeffrey Epstein? You just won’t say?
Warsh: What I’m telling you is those assets will be sold if I’m confirmed.
Warren: Will you disclose how you plan to divest these assets? The public might question your motives if, for example, someone who profits from predicting Fed policy cuts you a $100 million check as you take office.
Sen. Elizabeth Warren questions Kevin Warsh during his Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Tuesday, April 21, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
Warsh: I’ve reached a full agreement with the Office of Government Ethics and will divest those assets before taking the oath.
Warren: I’m asking a very straightforward question. Will you disclose how you divest those assets?
Warsh: As I’ve said, I’ve worked with ethics officials.
Warren: I’ll take that as a no.
In a separate exchange, Warren invoked Trump’s past statements about the Fed and challenged Warsh to prove his independence in real time.
She insisted that Warsh answer whether he believes Trump won the 2020 presidential election and if he would name policies of the president with which he disagrees. The hopeful future Fed chair dodged the question and said he would remain apolitical, if confirmed.
THE ONE LINE IN WARSH’S TESTIMONY SIGNALING A BREAK FROM THE FED’S STATUS QUO
Warren: Donald Trump has made clear he does not want an independent Fed. He has said, “Anybody that disagrees with me will never be Fed chairman.” He’s also said interest rates will drop “when Kevin gets in.” Let’s check out your independence and your courage. We’ll start easy. Mr. Warsh, did Donald Trump lose the 2020 election?
Warsh: Senator, we should keep politics out of the Federal Reserve.
Warren: I’m asking a factual question.
Warsh: This body certified the election.
Warren: That’s not what I asked. Did Donald Trump lose in 2020?
Warsh: The Fed should stay out of politics.
Warren: In our meeting, you said you’re a “tough guy” who can stand up to President Trump. So name one aspect of his economic agenda you disagree with.
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Kevin Warsh listens to a question during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Tuesday, April 21, 2026. (Graeme Sloan/Bloomberg via Getty Images)
Warsh: That’s not something I’m prepared to do. The Fed should stay in its lane.
Warren: Just one place where you disagree.
Warsh: I do have one disagreement — he said I looked like I was out of central casting. I think I’d look older and grayer.
Warren: That’s adorable. But we need a Fed chair who is independent. If you can’t answer these questions, you don’t have the courage or the independence.
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