Is Elon Musk Right To Criticize the Rising Debt Ceiling and Bet On Bitcoin?
The post Is Elon Musk Right To Criticize the Rising Debt Ceiling and Bet On Bitcoin? appeared on BitcoinEthereumNews.com. Elon Musk has once again turned to social media to criticize the Trump administration’s handling of the national debt. The Tesla founder has particularly called out the recently signed One Big Beautiful Bill Act as crucial in further amplifying an already alarming deficit. Since traditional methods are proving ineffective, experts from Bitwise and Sentora suggest that alternatives like Bitcoin deserve consideration for reducing interest rates and curbing excessive spending. Musk’s Debt Outcry: From DOGE to America Party A lot has happened with Elon Musk over the past few days. The former head of the Department of Government Efficiency (DOGE), the pseudo-federal agency responsible for reducing government overspending, kicked off July by going on X to rant about the nation’s spending habits. It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people. — Elon Musk (@elonmusk) June 30, 2025 Musk’s most recent posts build on previous ones in which he explicitly called out President Trump’s One Big Beautiful Bill, which was signed into law this week. He also said the bill would increase the debt ceiling by five trillion dollars. Amid an ongoing exchange of affronts between Elon Musk and Trump over the subject, the Tesla founder decided to form his own political space: the America Party. Musk stated that the party’s goal is to “give you back your freedom” and address what he views as a “one-party system” regarding wasteful spending and graft. His poll on X showed significant support for a new political party. What’s certain, however, is that beyond the political spectacle, the discussion around the United States’ national fiscal health is constantly…
The post Is Elon Musk Right To Criticize the Rising Debt Ceiling and Bet On Bitcoin? appeared on BitcoinEthereumNews.com.
Elon Musk has once again turned to social media to criticize the Trump administration’s handling of the national debt. The Tesla founder has particularly called out the recently signed One Big Beautiful Bill Act as crucial in further amplifying an already alarming deficit. Since traditional methods are proving ineffective, experts from Bitwise and Sentora suggest that alternatives like Bitcoin deserve consideration for reducing interest rates and curbing excessive spending. Musk’s Debt Outcry: From DOGE to America Party A lot has happened with Elon Musk over the past few days. The former head of the Department of Government Efficiency (DOGE), the pseudo-federal agency responsible for reducing government overspending, kicked off July by going on X to rant about the nation’s spending habits. It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people. — Elon Musk (@elonmusk) June 30, 2025 Musk’s most recent posts build on previous ones in which he explicitly called out President Trump’s One Big Beautiful Bill, which was signed into law this week. He also said the bill would increase the debt ceiling by five trillion dollars. Amid an ongoing exchange of affronts between Elon Musk and Trump over the subject, the Tesla founder decided to form his own political space: the America Party. Musk stated that the party’s goal is to “give you back your freedom” and address what he views as a “one-party system” regarding wasteful spending and graft. His poll on X showed significant support for a new political party. What’s certain, however, is that beyond the political spectacle, the discussion around the United States’ national fiscal health is constantly…
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