Elon Musk calls US debt ‘terrifying’
Elon Musk has described the United States debt tracker as “terrifying” in a post on his X platform in recent days.
On Feb. 12, he made a direct reference to the U.S. debt clock, which is a live time tracker of federal government spending.
The table now has a section to include the savings created by Musk’s DOGE – department of government efficiency.
As reported by Forbes, the latest overture from the Tesla billionaire reflects his increasing standing and prominence within the bigger picture of President Donald Trump’s U.S. administration.
Like him, or loathe him, it is certainly difficult to avoid or ignore Elon Musk within the current political vista, given his significant involvement at various levels.
His reference to the debt clock was in response to a comment from U.S. Senator Mike Lee, who opined that the figure of $36 trillion in the red was “deeply disturbing – even with the DOGE numbers providing a glimmer of hope.”
That prompted the “terrifying” retort from Musk, but his current public demeanor is anything but troubled.
The South African-born mogul backed Trump on the campaign trail, warning Americans of a financial emergency that had already engulfed the nation. To lessen the impact, the people had to vote for Trump and that is what transpired.
We didn’t quite know it early on, but the seeds had already been sown for Musk’s DOGE project to be embedded within the Oval Office.
The Debt Clock is terrifying https://t.co/vULgdgiBgn
— Elon Musk (@elonmusk) February 12, 2025
Important announcements coming soonTrump’s backing for crypto reforms and resurgence led to a surge in Bitcoin’s price, sending it soaring to over $100,000 for the first time. While the price has settled to an extent, we could soon see Bitcoin technology powering the activity of DOGE.
Given the starling levels of the U.S. national debt, it is unsurprising to see the Trump administration turn to crypto for all it can exploit from the digital currency.
If Team Trump can follow through on plans to make the States the world capital for crypto, it will go some way toward plugging the considerable void, with the financial mire made deeper by the Covid pandemic and subsequent inflation levels.
A national federal reserve of Bitcoin is already being explored, with Trump’s crypto czar David Stacks teasing this week that “important announcements are coming soon”
We don’t exactly know what to expect next, chances are Elon Musk will not be far from center stage.
Image credit: Via Midjourney
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