Elon Musk warns excessive spending will plunge US 'into debt slavery'

Billionaire concern 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 astir America's profligate spending, informing that it volition plunge the federation "into indebtedness slavery."

"This immense level of overspending volition thrust America into indebtedness slavery!" Musk declared aboriginal connected Wednesday successful a post connected X. 

His informing comes arsenic the U.S. national debt is much than $36 trillion. 

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President Donald Trump, joined by Tesla CEO Elon Musk, speaks to reporters successful the Oval Office of the White House connected May 30, 2025 successful Washington, D.C. (Kevin Dietsch/Getty Images)

"Interest payments already devour 25% of each authorities revenue. If the monolithic shortage spending continues, determination volition lone beryllium wealth for involvement payments and thing else! No societal security, nary medical, nary defence … nothing," helium declared successful different post.

President Donald Trump has been supporting the connection that cleared the House past month, but connected Tuesday, Musk blasted some the measurement and those who voted for it.

"I’m sorry, but I conscionable can’t basal it anymore. This massive, outrageous, pork-filled Congressional spending measure is simply a disgusting abomination. Shame connected those who voted for it: you cognize you did wrong. You cognize it," Musk asserted successful a station connected X.

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When Fox News' Peter Doocy brought up Musk's critique connected Tuesday, White House property caput Karoline Leavitt said that "the president already knows wherever Elon Musk stood connected this bill. It doesn't alteration the president's opinion. This is 1 big, beauteous bill, and he's stickin' to it."

Musk is pounding the drum connected the value of tackling America's indebtedness and spending problems.

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"Mammoth spending bills are bankrupting America! ENOUGH," Musk declared successful a tweet.