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Belle of the Ranch

Let's talk about former Treasury Secs warning the country....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 12 February 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about former Treasury Secs warning the country....

Transcript

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0:00.0

Well, howdy there, internet people, it's Bell again. So today, we're going to talk about

0:07.1

former Treasury Secretaries, warning Trump and Musk are risking the country's financial well-being.

0:14.5

Former secretaries Robert Rubin, Lawrence Summers, Timothy Geithner, Jacob Liu, and Janet Yellen wrote about the situation

0:23.5

and are trying to make sure that Americans understand the gravity of the situation.

0:30.1

Quote, we were fortunate that during our 10 years in office, no effort was made to unlawfully undermine the nation's financial commitments.

0:40.3

Regrettably, recent reporting gives substantial cause for concern that such efforts are underway

0:46.9

today. The secretaries draw attention to the handling of payments and the involvement of Musk and

0:54.1

his team.

0:55.5

Quote, these political actors have not been subject to the same rigorous ethics rules as civil

1:02.0

servants, and one has explicitly retained his role in a private company, creating at best

1:09.2

the appearance of financial conflicts of interest. They lack training

1:13.7

and expertise to handle private personal data, like social security numbers and bank account

1:20.6

information. And while the ethical concerns and the cybersecurity concerns are mentioned

1:26.7

and clearly weigh on the minds of the

1:29.2

former secretaries, that's not their greatest worry. Quote, while significant data privacy,

1:37.1

cybersecurity, and national security threats are gravely concerning, the constitutional issues

1:43.6

are perhaps even more alarming.

1:46.5

We take the extraordinary step of writing this piece because we are alarmed about the risks

1:53.5

of arbitrary and capricious political control of federal payments, which would be unlawful

2:00.6

and corrosive to our democracy.

2:03.9

It goes on, quote, any hint to the selective suspension of congressionally authorized payments

2:11.0

will be a breach of trust and ultimately a form of default, and our credibility, once lost, will prove difficult to regain.

...

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