Elon Musk and some Democrats like Reid Hoffman actually share common ground on U.S. debt

At the end of last week, he announced that it was a new political party after his conception with President Donald Trump because of the huge large that is expected to add trillion to the deficit.

“When it comes to bankruptcy of our country with waste and illegal gain, we live in a unilateral system, not democracy,” Musk has been published on X. Today, the America Party is formed to return you your freedom.

He also warned earlier of the “debt slavery” of the draft tax spending and spending law and criticized its treatment of EV and solar energy tax credits in exchange for oil and gas incentives.

On Wednesday, LinkedIn Cofetner and Top Democratic Tonor Reid Hofman Cnbc told it that he was “very sympathetic” with Musk’s primary reason in the deficit, noting that the cost of paying interest on American debt is one of the largest linear items in the federal budget.

But it was doubtful in the prospects of the American Party, given the long history of failed attempts to maintain third parties.

Hoffman added: “Therefore, therefore it does not necessarily hit me with the best strategy for that, but I think it is important to try to focus on debt,” Hoffman added.

Also last week, Jared Bernstein, who previously held the position of President of Economic Counselors to President Joe Biden, said he had a heart change when it was related to the American religion.

in New York Times The opening of Wednesday, he acknowledged that one day he had a dove long ago on a budget deficit and previously argued that financial austerity often harms more than beneficial.

“I am no longer. I, like many other long doves, have joined the hawks, because the math of our nation’s budget has become more dangerous,” Bernstein wrote.

Larry Samers, who held the position of Minister of Treasury in the Clinton Administration and Director of the National Economic Council in the Obama administration, seemed to warn the debts of the United States after the signing of Megabel.

In an interview with ABC News last Sunday, he said that reducing the deficit during Clinton’s presidency led to a virtuous cycle of increased investment, more economic growth, low interest rates, and even a narrower deficit.

He acknowledged that for a decade after 2010, which included the Obama administration, he had preached that reducing deficit should not be a top priority. But he also believes this time is different.

“Anyone looking at the numbers believes that we had no impotence like this from a distance or the possibility of debts remotely like this – at a moment the economy was strong and we were in peace – any time in our history,” Samarz warned.

But just because Musk, who has emerged as the highest ghost on the left, and some Democrats share debt concerns, this does not mean that they have similar ideas about what to do about the problem.

Before the Trump administration left, the Ministry of Governmental efficiency in Musak sought to reduce federal spending a trillion dollars to reduce the deficit.

In contrast, Samarz said that although the federal government can be more efficient, the United States cannot reach a more sustainable financial path without a significant increase in taxes.

However, the dialogue is another sign of the ongoing seismic transformations in American policy amid a major debate about the new ruling principles of the economy in the wake of the surrounding consensus.

Sam Germany, CEO of Openai, hinted to The Churn on July 4 in X, where he said that the Democrats lost their way and that it is now “homeless”. At the same time, his economic vision is offered.

“I believe in technical industrialization,” he wrote. “We must encourage people to make a lot of money and then find ways to distribute wealth on a large scale and share the magic of the compound capitalism. One does not work without the other; you cannot raise the ground and do not raise the ceiling for a very long time.”