The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Politics

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

by admin June 4, 2025
June 4, 2025
Elon Musk warns excessive spending will plunge US ‘into debt slavery’
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.

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.

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

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
UAE AMBASSADOR YOUSEF AL OTAIBA: US and UAE forge groundbreaking high-tech partnership based on AI
next post
Expert speaks out on ‘perfect solution’ to federal hiring issues creating national security concerns

Related Posts

Trump administration takes hard line on Haitian violence,...

May 3, 2025

Trump’s 24th week set to focus on ‘big,...

June 30, 2025

Senate Democrats to hold leadership elections after losing...

December 3, 2024

DNC committee moving forward with plans for virtual...

July 21, 2024

Chip Roy demands sanctions on ICC officials going...

May 8, 2024

MARK HALPERIN: Four people who helped drive Trump’s...

November 12, 2024

Russian official cites Islamic ‘sleeper cells’ as death...

June 26, 2024

Polling guru Nate Silver offers ‘struggling’ Biden advice...

May 24, 2024

Israel says it killed top Hamas military commander...

August 1, 2024

Trump posts ‘how it’s going’ message contrasting Time...

December 14, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      July 21, 2025
    • What Musk’s fracture with Trump means for GOP’s future: ‘Beating heart of the Republican Party’

      July 21, 2025
    • Trump’s housing chief rips Powell for blowing millions on Fed facelift during housing crisis he perpetuates

      July 21, 2025
    • Trump celebrates 6 months back in office: US ‘totally revived’ after being ‘DEAD’ under Biden

      July 21, 2025
    • Biden admin spent hefty sum of US tax dollars to upgrade embassy swimming pools in Iraq, Russia

      July 21, 2025
    • Trump heads to Scotland, continues ironing out trade deals after notching six months back in office

      July 21, 2025

    Categories

    • Business (1,299)
    • Politics (4,040)
    • Stocks (1,535)
    • Uncategorized (45)
    • World News (1,292)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved