The Problem Is the Weaponization of the Dollar, Not the US National Debt

Elon Musk expressed his disappointment in the Trump administrations bill, passed by the House, that avoided an automatic tax increase that would have occurred at the conclusion of 2025 by making permeant the 2017 tax reductions and which increased spending on defense and US border security.  Musk mistakenly thinks that this bill undermines his and DOGE’s effort to reduce the federal deficit.

Musk should see his and DOGE’s success not in terms of deficit reduction, but in terms of eliminating was...