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Musk Mocks Clinton Debt Promise: Meme Revives Old Campaign Pledge

via CNBC Television
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

The text discusses the significant increase in the United States’ national debt, noting that it has far exceeded previous projections.

It highlights a meme shared by Dogecoin creator Billy Markus, featuring a quote from former President Bill Clinton about paying off the debt by 2009, juxtaposed with the current debt of over $34 trillion.

Tesla CEO Elon Musk also commented on the issue, pointing out unfunded obligations that could push the debt over $100 trillion. (Trending: GOP Rep. Mace Clashes Directly With Hunter Biden At Hearing)

Musk wrote, “When you add unfunded obligations (like social security & medical), plus state & local debt, government debt will soon exceed $100 Trillion!”

In 2000, Bill Clinton said, “Our updated projections show that in this fiscal year alone, we expect to pay down the debt by an unprecedented $237 billion, meaning that over the course of just four years, we will have paid down the debt by $600 billion.”

“Let’s start with what the budget experts call the baseline. That’s a budget that just increases with inflation and no new initiatives,” explained the then-President.

“The new projections show that if we took that budget and committed the entire surplus to reducing the debt, we can make America debt-free by 2009,” said Clinton.

Ray Dalio, famed investor and founder of the world’s largest hedge fund, Bridgewater Associates, said, “We are at a point in which we are borrowing money to pay debt service.”

“The way that works, it accelerates,” cautioned the financial expert.

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