Elon Musk warns excessive spending will push U.S. ‘into debt slavery’

Billionaire entrepreneur Elon Musk has raised concerns about America’s excessive spending, warning that it could lead the country into “debt slavery.” With the national debt surpassing $36 trillion, Musk took to social media to express his alarm at the current state of affairs.

In a post on X, Musk declared, “This immense level of overspending will drive America into debt slavery.” He pointed out that interest payments already consume a quarter of all government revenue, and if the trend continues, there will be no funds left for essential services like social security, healthcare, or defense.

President Donald Trump has been a vocal supporter of the recent spending bill that passed the House, but Musk vehemently criticized both the bill and the lawmakers who voted for it. In a scathing post on X, Musk called the bill a “disgusting abomination” and accused those who supported it of wrongdoing.

When questioned about Musk’s comments, White House press secretary Karoline Leavitt reiterated the president’s support for the bill, dismissing Musk’s concerns. However, Musk remains steadfast in his belief that the country must address its debt and spending issues.

In a tweet, Musk emphasized the urgency of the situation, stating, “Mammoth spending bills are bankrupting America! ENOUGH.” His continued advocacy for fiscal responsibility has garnered attention from both conservatives and liberals alike.

As the debate over government spending rages on, Musk’s warnings serve as a stark reminder of the potential consequences of unchecked fiscal policies. It remains to be seen whether policymakers will heed his advice and take steps to address the growing national debt.

The original article was written by Alex Nitzberg for Fox News Digital.