Billionaire Elon Musk has issued a strong warning that the United States' excessive government spending, particularly the 'One Big Beautiful Bill Act,' will lead the nation into 'debt slavery.' He highlighted that interest payments already consume 25% of government revenue and predicted that continued deficit spending would leave no funds for essential services like Social Security, medical care, or defense. Musk criticized both the bill and the House Republicans who voted for it, despite President Donald Trump's support for the legislation.
Elon Musk warns excessive spending will plunge US 'into debt slavery'
PoliticsWhitehouseUnited StatesDonald Trump
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TL;DR: Key points with love ❤️Billionaire Elon Musk has issued a strong warning that the United States' excessive government spending, particularly the 'One Big Beautiful Bill Act,' will lead the nation into 'debt slavery.' He highlighted that interest payments already consume 25% of government revenue and predicted that continued deficit spending would leave no funds for essential services like Social Security, medical care, or defense. Musk criticized both the bill and the House Republicans who voted for it, despite President Donald Trump's support for the legislation.
Trending- 1 Last month: 'One Big Beautiful Bill Act' cleared the House
- 2 Tuesday (current week): Elon Musk blasted the bill; White House Press Secretary responded
- 3 Early Wednesday (current week): Elon Musk posted further warnings on X
- Potential for the U.S. to fall into 'debt slavery'
- No funds for Social Security, medical, or defense if current spending trends continue
- Bankrupting of America
What: Elon Musk warned that excessive government spending in the U.S., specifically the 'One Big Beautiful Bill Act,' will lead to 'debt slavery' and financial collapse.
When: Early Wednesday (Musk's post), last month (bill cleared House), Tuesday (Musk's critique, White House response).
Where: United States.
Why: The U.S. national debt is over $36 trillion, and interest payments consume 25% of government revenue, threatening essential services if deficit spending continues.
How: Musk used social media (X) to issue his warnings and criticisms of the spending bill and the politicians who supported it.