Musk: The debt ceiling is the only tool to curb government waste
Elon Musk said in a tweet on platform X that "the debt ceiling is the only means capable of actually forcing the government to reduce waste and fraud". He explained that this is the fundamental reason for the existence of debt ceiling legislation in the first place.
His statement comes amid the rising American debate over raising the national debt ceiling, especially with the growing public deficit.
Musk previously sparked controversy when he described the new spending project as "absolute madness", referring to what he called "the government's squandering of public funds".
> Source: Musk's tweet + Odaily + Binance News