Daily Management Review

Musk believes that Trump's government spending bill will lead the US to debt slavery


06/30/2025


The legislation put forward by President Donald Trump's administration could lead the United States towards debt slavery, the previous head of the Department of Government Efficiency (DOGE), entrepreneur Elon Musk declared on the social network X.



Gage Skidmore
Gage Skidmore
“This legislation would raise the debt limit by $5 trillion, the highest hike ever, which would lead America directly into debt servitude,” Musk stated. 

He added that the legislation would eliminate millions of jobs in the US and inflict significant strategic harm to the nation. 

In May, the House of Representatives in the US Congress approved the “big and beautiful” bill championed by Trump, which includes substantial tax reductions and government expenditures across several sectors. Simultaneously, the legislation anticipates a rise in defense expenditures, encompasses actions to strengthen border security and allocates more funds for this sector.

source: cnn.com