Connect with us


International-News

Elon Musk attacks Trump’s budget law again: “Towards debt slavery”



The billionaire harshly criticises the current fiscal manoeuvre and calls for a new law that does not increase the deficit

Elon Musk launches a new attack on the Trump administration’s economic policy. The founder of Tesla and SpaceX used his profile on the X platform to criticise the budget law passed by the current US president.

‘A new budget law should be drafted that does not drastically increase the deficit and the $5 trillion debt ceiling,’ Musk wrote in a post published today, Wednesday 4 June.

‘Towards debt slavery’
In his speech, Musk sounded the alarm about the economic future of the United States: ‘America is on the fast track to debt slavery,’ he said, referring to the surge in federal public debt and the risks associated with uncontrolled expansion of government spending.

This is not the first time Elon Musk has criticised Washington’s fiscal policies. In the past, he has already expressed strong concerns about spending choices and the increase in the deficit, arguing for the need for greater rigour in public accounts. His latest speech reignites the debate on the federal budget and the prospects for the US economy under the Trump administration.

THE LATEST NEWS

Israel-Hezbollah ceasefire, Trump announces 10-day truce taking effect at midnight

U.S. president says agreement follows talks with Netanyahu and Aoun, with White House meetings planned U.S. President Donald Trump announced...
Read More
Israel-Hezbollah ceasefire, Trump announces 10-day truce taking effect at midnight

Israel-Lebanon leaders call stalls as Aoun refuses Netanyahu contact

Trump announces talks, but Beirut insists on ceasefire as condition U.S. President Donald Trump said Wednesday that the leaders of...
Read More
Israel-Lebanon leaders call stalls as Aoun refuses Netanyahu contact

Netanyahu to Speak With Aoun as Israel-Lebanon Contacts Resume

U.S. signals precede confirmation from Israeli minister; Beirut had denied awareness of talks Israeli Prime Minister Benjamin Netanyahu is expected...
Read More
Netanyahu to Speak With Aoun as Israel-Lebanon Contacts Resume

Alcaraz withdraws from Barcelona ATP, Sinner remains No. 1

Wrist injury halts Spaniard’s campaign and ends his bid to retake the top ranking Carlos Alcaraz has pulled out of...
Read More
Alcaraz withdraws from Barcelona ATP, Sinner remains No. 1

Trump attack on Meloni may boost poll numbers, analysts say

Pollsters suggest the Italian prime minister could gain support after distancing herself from the US president The Trump attack on...
Read More
Trump attack on Meloni may boost poll numbers, analysts say

UK asylum scam BBC investigation: migrants told to pose as gay

BBC probe uncovers network charging thousands to fabricate asylum claims based on sexual orientation A UK asylum scam exposed by...
Read More
UK asylum scam BBC investigation: migrants told to pose as gay

(Photo: © AndKronos)