Elon Musk warns excessive spending will plunge US 'into debt slavery'

Billionaire business tycoon Elon Musk, who issued a scathing rebuke of the One Big Beautiful Bill Act and the House Republicans who voted for it, is sounding the alarm about America's profligate spending, warning that it will plunge the nation "into debt slavery."

"This immense level of overspending will drive America into debt slavery!" Musk declared early on Wednesday in a post on X. 

His warning comes as the U.S. national debt is more than $36 trillion. 

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