Trending Now
Biden defends controversial autopen use for mass clemency decisions in NYT...
DOJ brass vowed full transparency on Epstein before turning up empty-handed
MAGA world erupts over Trump’s defense of Bondi amid Epstein files...
Kash Patel torches ‘conspiracy theories’ about Bondi feud amid MAGA furor...
Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey...
Trump says US will send Patriot missiles to Ukraine, adds that...
Here’s how we take America First to the United Nations
Trump’s whirlwind week ahead to include meeting with NATO chief, ‘major’...
China is exploiting our government’s tech weakness. We need a rapid...
Inside the FAA’s race to train air traffic controllers: ‘It’s going...
Biden defends controversial autopen use for mass clemency decisions in NYT...
DOJ brass vowed full transparency on Epstein before turning up empty-handed
MAGA world erupts over Trump’s defense of Bondi amid Epstein files...
Kash Patel torches ‘conspiracy theories’ about Bondi feud amid MAGA furor...
Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey...
Trump says US will send Patriot missiles to Ukraine, adds that...
Here’s how we take America First to the United Nations
Trump’s whirlwind week ahead to include meeting with NATO chief, ‘major’...
China is exploiting our government’s tech weakness. We need a rapid...
Inside the FAA’s race to train air traffic controllers: ‘It’s going...
Insider Dealing News
  • Stock
  • Investing
  • Politics
  • World News
  • Editor’s Pick
World News

Elon Musk warns excessive spending will plunge US ‘into debt slavery’

by June 4, 2025
written by June 4, 2025

NEWYou can now listen to Fox News articles!

Billionaire business tycoon Elon Musk, who issued a scathing rebuke of the One Big Beautiful Bill Act and the House Republicans who voted for it, is sounding the alarm about America’s profligate spending, warning that it will plunge the nation ‘into debt slavery.’

‘This immense level of overspending will drive America into debt slavery!’ Musk declared early on Wednesday in a post on X. 

His warning comes as the U.S. national debt is more than $36 trillion. 

‘Interest payments already consume 25% of all government revenue. If the massive deficit spending continues, there will only be money for interest payments and nothing else! No social security, no medical, no defense … nothing,’ he declared in another post.

President Donald Trump has been supporting the proposal that cleared the House last month, but on Tuesday, Musk blasted both the measure and those who voted for it.

‘I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,’ Musk asserted in a post on X.

White House defends

When Fox News’ Peter Doocy brought up Musk’s critique on Tuesday, White House press secretary Karoline Leavitt said that ‘the president already knows where Elon Musk stood on this bill. It doesn’t change the president’s opinion. This is one big, beautiful bill, and he’s stickin’ to it.’

Musk is pounding the drum on the importance of tackling America’s debt and spending problems.

Trump requests to codify DOGE cuts as Elon Musk dishes criticism of

‘Mammoth spending bills are bankrupting America! ENOUGH,’ Musk declared in a tweet.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
UAE AMBASSADOR YOUSEF AL OTAIBA: US and UAE forge groundbreaking high-tech partnership based on AI
next post
Gold’s technical setup indicates bullish outlook as traders await economic cues

Related Posts

Biden defends controversial autopen use for mass clemency...

July 14, 2025

DOJ brass vowed full transparency on Epstein before...

July 13, 2025

MAGA world erupts over Trump’s defense of Bondi...

July 13, 2025

Kash Patel torches ‘conspiracy theories’ about Bondi feud...

July 13, 2025

Trump defends embattled AG Pam Bondi, says ‘nobody...

July 12, 2025

Trump says US will send Patriot missiles to...

July 14, 2025

Here’s how we take America First to the...

July 14, 2025

Trump’s whirlwind week ahead to include meeting with...

July 14, 2025

China is exploiting our government’s tech weakness. We...

July 14, 2025

Inside the FAA’s race to train air traffic...

July 14, 2025

Biden defends controversial autopen use for mass clemency...

July 14, 2025

DOJ brass vowed full transparency on Epstein before...

July 13, 2025

MAGA world erupts over Trump’s defense of Bondi...

July 13, 2025

Kash Patel torches ‘conspiracy theories’ about Bondi feud...

July 13, 2025

Trump defends embattled AG Pam Bondi, says ‘nobody...

July 12, 2025

Trump says US will send Patriot missiles to...

July 14, 2025

Here’s how we take America First to the...

July 14, 2025

Trump’s whirlwind week ahead to include meeting with...

July 14, 2025

China is exploiting our government’s tech weakness. We...

July 14, 2025

Inside the FAA’s race to train air traffic...

July 14, 2025







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 InsiderDealingNews.com All Rights Reserved.

    Insider Dealing News
    • Stock
    • Investing
    • Politics
    • World News
    • Editor’s Pick