Home > Quick > Body

Elon Musk: 25% of US government revenue is used to pay interest on debt

clock
2025-06-04 06:47:37
Musk once again criticized the excessive government spending in the United States in X, "Interest payments have taken up 25% of all government revenue. If large-scale deficit spending continues, then the fiscal revenue will only be enough to pay interest, and nothing else! No social security, no health care, no defense, nothing."
Just after leaving the Trump administration's Department of Government Effectiveness (DOGE) last Friday (May 30), Musk and Trump, the former "allies", seemed to be rapidly moving towards a public confrontation. First, Trump withdrew the nomination of Musk's close ally Jared Isaacman as NASA director, and then Musk directly attacked Trump's "One Big Beautiful Bill Act" on the X platform, calling it "disgusting." Musk said this morning: "The current large, ridiculous, and politically motivated congressional spending bill is absolutely disgusting. Those who voted for it are shameful: you know you are doing it wrong. This would increase the already huge budget deficit to $2.50 trillion and saddle American citizens with an unbearable debt burden. Congress is bankrupting America. "
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.