The famous billionaire Elon Musk expressed his deep dissatisfaction with the recently passed massive spending bill by the U.S. government, noting that this decision "increases the budget deficit and undermines the efforts of the Doge (DOGE) team."
🧾 Musk said in a post on platform X (formerly Twitter):
"I am very disappointed by the passage of this law; it is not only a burden on the American economy, but it threatens the future of innovation and decentralization that we are working towards."
💸 The new spending bill includes government expenditures in the hundreds of billions of dollars, which many experts see as a threat to American financial stability, especially amid high inflation levels and a growing budget deficit.
🚀 Musk is known for his strong support of cryptocurrencies, especially Dogecoin (DOGE), and has stated that current financial policies "put pressure on the innovation environment and limit the growth opportunities of cryptocurrencies as alternative financial means."
🐶 Musk pointed out that the "Doge Team," referring to the community of developers and supporters of the currency, is working hard to promote the use of the digital currency in daily life, but government policies make their path more difficult.
📉 Musk fears that this economic direction could slow down the global shift towards more free and transparent financial systems, which has been a goal he has long advocated through his investments and future plans.
🔍 In conclusion, Musk urged the government to "adopt more balanced policies that strike a balance between spending and development without negatively impacting the future of modern technologies."
#USSpending
#BudgetDeficit
#Innovation
#EconomicPolicy
#
DigitalCurrency