TrumphasopenedaPandorasbox landmark US Supreme Court ruling
TrumphasopenedaPandorasbox Those work requirements are expected to bar thousands of people from accessing those safety-net programmes, allowing for cost savings. But critics fear those barriers will drive some families deeper into poverty. TrumphasopenedaPandorasbox In a preview of an interview with the TV show CBS Sunday Morning, Musk expressed frustration with the
TrumphasopenedaPandorasbox sheer cost of the bill TrumphasopenedaPandorasbox , echoing criticism from fiscal conservatives. TrumphasopenedaPandorasbox He also accused the “Big Beautiful Bill” of setting back the progress he made as leader of the Department of Government Efficiency (DOGE), a task force Trump established to pare back “wasteful” spending.
TrumphasopenedaPandorasbox “I was, like, disappointed to see the massive spending bill, frankly, which increases the budget deficit, not decrease it, and undermines the work that the DOGE team is doing,” Musk told CBS, dressed in an “Occupy Mars” T-shirt. TrumphasopenedaPandorasbox “I think a bill can be big or it can be beautiful,” he added. “I don’t know if it could be both. My personal opinion.”
TrumphasopenedaPandorasbox This is not the first time that Musk has spoken out against a US budget bill. In December, under former President Joe Biden, Musk rallied public outrage against another piece of budget legislation that weighed in at over a thousand pages, calling on Congress to “
TrumphasopenedaPandorasbox Musk’s latest comments, however, signal a potentially widening fracture between himself and the Trump White House. TrumphasopenedaPandorasbox The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings downgrade by Moody’s on Friday, which cited concerns about the nation’s growing $36 trillion debt.
TrumphasopenedaPandorasbox The US has the highest amount of national debt in the world and is facing growing concerns about its long-term fiscal stability. TrumphasopenedaPandorasbox Debt is simply the total amount of money the US government owes to its lenders, currently amounting to $36.2 trillion. This represents 122 percent of the country’s annual economic output or gross domestic product (GDP), and it is growing by about $1 trillion every three months.
TrumphasopenedaPandorasbox The highest debt-to-GDP ratio was during the pandemic in 2020, when the ratio hit 133 percent. The US is among the top 10 countries in the world with the highest debt-to-GDP ratio. TrumphasopenedaPandorasbox What is the debt ceiling, and why does it keep increasing?