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.
WHITE HOUSE STANDS BY TAX BILL AFTER MUSK CALLS IT A ‘DISGUSTING ABOMINATION’
President Donald Trump, joined by Tesla CEO Elon Musk, speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, D.C. (Kevin Dietsch/Getty Images)
“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.
HOUSE REPUBLICANS PUSH FOR SPENDING CANCELLATIONS AS ELON MUSK AND CONSERVATIVES DEMAND DEEPER BUDGET CUTS
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.
GOP SENATORS EXPRESS ‘CONCERNS,’ ‘SKEPTICISM’ OVER TRUMP’S SPENDING BILL AFTER MUSK RANT
CLICK HERE TO GET THE FOX NEWS APP
“Mammoth spending bills are bankrupting America! ENOUGH,” Musk declared in a tweet.
Things like your name, home address, date of birth and even your Social Security number…
Most people never think about Android security updates until a headline like this appears. Suddenly,…
The next time you pull up to the drive-thru at Burger King, you may notice…
You may think you can spot a crypto scam from a mile away. But what…
The first Tesla Cybercab has officially rolled off the floor at Tesla Gigafactory Texas. And…
Smart glasses promise a future where technology blends into everyday life. You can ask a…