I understand it raises debt ceiling quite a lot. I also understand it increases Fed Debt by ~3 Trillion over the next decade.
I don't think those thing are "good", but given we are under attack from China and the Leninist insurgent (Democrat Party + EU banksters + WEF) on an existential level, I wish there were some SPECIFICS either Elon or someone else would share?
http://x.com/elonmusk/status/1939069416756650401
Maybe someone on this board has a better analysis than the approximate nothing I am seeing on line?
Deficit spending is a tax on the future, I get that. But losing the 2026 midterm election, and then the 2028 Presidential election will likely kill "America First" and all its better plans.
We need to rebuild the infrastructure here. That will take many trillions. Where is all the pork (not infrastructure investment -- but pure pork)? I'm expecting there is still plenty of pork in the BBB. But what is Musk raging about specifically? He climbed to become the richest person by taking advantage of US government deficits. Where was he with his outrage when the "Green New Deal" was passed? When the Covid waste was being passed? When he was getting government funds to keep SpaceX alive?
It would really help if Musk was more constructive here -- or, at least, a lot more specific.
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http://www.newsmax.com/finance/michaelbusler/elon-musk-tax-bill/2025/06/09/id/1214144/
P.S. Here is, at least, a partial explanation: what we already knew, the BBB does not slow down Fed deficit spending.
Is Musk totally clueless that a hard recession which is still in place in Nov 2026 will almost certainly cost the Republicans the House, and likely the Senate? And then the Supreme Court, and then the 2028 Presidency?
Does he not understand that it will take years to rebuild factories and infrastructure in the US, much less graduate new engineers and technicians to build and run things? And that, until the new factory jobs are here, in the tens of millions, and the products are out the door, the US government deficit spending needs to carry the bag?
And doesn't he understand just how deadly serious the threat from the Leninists actually is? And that the Democrats lost, probably most of all, because of near term ECONOMIC hardships?
Most people, sadly, are not long term thinkers. They want to know "what have you done for me lately...like this past month or two." Yeah, a significant portion -- at least half -- of the US population doesn't understand deferred gratification, much less how to rebuild the entire industrial base of a hollowed out United States.
But, surely, Musk understands investment and growth take time? What is it about this deficit spending that has him so enraged? Why can't he articulate a better plan or make specific suggestions on how to keep the economy out of bad recession -- and budget fights out of the Congress -- until, at least, all the new required factories are on line and can pick up the economic slack??
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