[Opening Line – Anchor Voice]
The national debt is climbing, and so is the backlash. Tech billionaire Elon Musk is once again taking aim at Washington — this time over a massive new spending bill he says will mortgage America’s future.
[Narration]
In a fiery post on X, Musk blasted President Trump’s newly passed “One Big Beautiful Bill,” calling it the “Debt Slavery Bill” and warning it includes the largest debt ceiling hike in U.S. history. The legislation — over 1,100 pages long — cleared the House last week and is now awaiting a vote in the Senate.
“A bill can be big, or it can be beautiful. I don’t know if it can be both,” Musk wrote, criticizing what he sees as runaway spending with no long-term plan.
The package calls for deep cuts to social programs like Medicaid and SNAP, along with permanent tax breaks and over $150 billion in new defense and border spending. According to the Congressional Budget Office, the bill could add $2.4 trillion to the deficit over the next decade.
[Visual/Graphic: U.S. National Debt Meter – $36.9 Trillion and rising]
That warning comes as America’s national debt approaches a staggering $37 trillion, raising alarm among economists, credit analysts, and even some lawmakers on both sides of the aisle.
Musk, who briefly served in Trump’s cabinet as the head of government efficiency, resigned over the bill and has since become one of its most outspoken critics.
[Closing Line – Anchor Voice]
The Senate is expected to debate the bill ahead of the July 4 recess — but with debt levels at historic highs, the battle over the price of prosperity is just beginning.
