Skip to main content

Elon is partly right. Trump's excessive spending may bankrupt the United States.

June 4, 2025

MAGA is a revolution of common sense. We want to make America great again by sticking to conservative values. Fiscal constraint is the #1 conservative value. We do not favor overspending. While no one likes taxes, we all agree that bills must be paid and that someone needs to pay them. It is not outrageous to think that the richest folks and richest companies should pay some taxes to reduce the National debt. Somehow our MAGA King talks the talk, but doesn't walk the walk. King Trump is overspending and under collecting. That's simply stupid.

E-Lord Musk Criticism of King Trump

Elon Musk has recently voiced strong criticism of King Trump's proposed tax and spending legislation, known as the "One Big Beautiful Bill." Musk labeled the bill a "disgusting abomination," expressing concern over its potential to significantly increase the federal deficit and national debt. (wvtm13.com, apnews.com)

The bill aims to extend the 2017 tax cuts, increase military and border security spending, and implement cuts to programs like Medicaid and clean energy initiatives. The Congressional Budget Office estimates that the legislation could add approximately $2.4 trillion to the U.S. debt over the next decade. (reuters.com)

Musk's opposition is notable given his previous support for Trump, including a substantial financial contribution to his campaign and a role as head of the Department of Government Efficiency (DOGE). However, Elon's failure as Head of DOGE together with disagreements over fiscal policy and concerns about the bill's impact on sectors like electric vehicles have led to a public rift between the two figures. (en.wikipedia.org)

Back in January, we predicted the fallout of the infamous Trump-Musk bromance. 

       The Trump Musk bromance will end in flames. The market is seeing the signs. Tesla will             continue deflating.  

    The worst is yet to come for Musk in the ill-fated Trump Musk bromance. Musk is supposed     to work for Trump now coordinating savings for the government. The savings will not                materialize and everything will backfire.    Why Tesla Keeps Falling Down

It's easy to agree in part with Elon Musk. For our 79 year old King to continue adding debt that he will not pay reminds us of Trump's multiple business bankruptcies for personal gain to the detriment of others. 

🏛️ Donald Trump's Six Business Bankruptcies

  1. Trump Taj Mahal (1991)
    Opened in April 1990 in Atlantic City, the Trump Taj Mahal was financed with $675 million in junk bonds. By July 1991, it filed for bankruptcy due to its inability to meet high-interest payments.

  2. Trump Plaza Hotel (1992)
    Located in New York City, the Trump Plaza Hotel filed for bankruptcy in 1992 after accumulating over $550 million in debt. As part of the restructuring, Trump relinquished a 49% stake in the hotel to Citibank and other lenders.

  3. Trump Castle Hotel & Casino (1992)
    Also known as Trump Marina, this Atlantic City property filed for bankruptcy in 1992 due to financial difficulties stemming from high debt and operational costs.

  4. Trump Plaza Hotel and Casino (1992)
    This Atlantic City casino faced financial challenges similar to Trump's other properties, leading to its bankruptcy filing in 1992.

  5. Trump Hotels & Casino Resorts (2004)
    This publicly traded company, encompassing several of Trump's casino holdings, filed for bankruptcy in 2004 with $1.8 billion in debt. Trump reduced his ownership stake and resigned as CEO during the restructuring process.

  6. Trump Entertainment Resorts (2009)
    Formerly known as Trump Hotels & Casino Resorts, this entity filed for bankruptcy again in 2009 amid declining revenues and mounting debts. Trump had a minimal stake at this point and resigned from the board shortly before the filing.

💬 Trump's Gains to the Detriment of Others

King Trump defends these bankruptcies as strategic business decisions that allowed his companies to restructure and emerge stronger. He has emphasized that these filings were not personal bankruptcies and that he used existing laws to his advantage.

While Trump overspent to live a lavish style to later hide under the protections of the bankruptcy code, the bankruptcies had hurt other stakeholders. Employees, investors, contractors, and creditors faced financial losses. For instance, a study by a Temple University professor highlighted that Trump's Atlantic City casinos lost more jobs and money than their competitors during the same period. (news.temple.edu)

History repeats itself when the same actors make the same mistakes. King Trump is a living a lavish lifestyle at the White House flying the world in Air Force One. He works hard for sure because he's a workaholic anyways and will die like one. His kids are richer and richer every day. The King is living a larger than life primate experience on Earth. He's spending and under collecting like a mad King. 

What can you do about it? 

Some people contact their Congressional representatives to voice concerns over spending and under collecting. We are MAGA, but we're not stupid. Overspending and under collecting is bad regardless of whether its by Democrats or by Republicans. 

The King may be a good man, but he's bankrupted his businesses six freaking times before. We can't allow the King to bankrupt our Nation. He may be a workaholic, but so are we all. The MAGA working class loves work and hates excessive debt. Hearing that the King will add trillions more to the National debt is disheartening to say the least. The King may die from a massive heart attack any minute now and leaves us drowning in debt. Fudge that.

Now you know it. 

www.creatix.one

 

Comments

Post a Comment

Popular posts from this blog

When will the Tesla bubble burst?

December 11, 2024 When will the Tesla bubble burst?  We don't know Fools rush in. It's impossible to know exactly when the Tesla bubble will finally burst. Unfortunately for us at Creatix, we began shorting Tesla too soon. We are down almost 40% on our position as of today. We are not fooling ourselves thinking that we were ever make money on the short position. We truly doubt that Tesla can go down 40% any time soon.  We would love to add to the short position, but it would exceed our $3,000 limit on the stupid bets that we do for fun. We're not Mr. Beast. We have a very limited budget for ridiculousness. We would love to short Tesla tomorrow morning at the ridiculous share price of $424. Tesla is trading at an incredible 116 times earnings, which gives Tesla a market capitalization of $1.32 Trillion. Elon Musk added today $13.4 billion to his fortune. Yes, $13 billion in one day. Yesterday, he had added $11 billion. Yes, that's $24 billion in 2 days.  Six months ago, ...
Post a Comment
Read more

Are we closer to World War III after Assad's' fall in Syria?

December 8, 2024 Are we closer to World War III after Assad's fall in Syria?    Well, yes because World War III will be in the future and we are always closer to the future. Now, that future has not been created yet so it's impossible to predict it with full accuracy. Whether the world moves into WWIII after Assad's fall will greatly depend on what Putin decides to do. After all, Assad is hiding in Russia from where he could try to organize a come back. We should all prepare for WWIII. Sooner or later WWIII will be real. Perhaps we are already at the initial stages and have not realized it. a WWIII will most likely bring significant human suffering and significant technological advances. Who will win, how will WWIII play out? No one knows yet. The future has not been created yet.  In this post we take a quick look into Syria's history including who is Bashar al-Assad, and what may happen in Syria and the region now that Assad's regime collapsed and the dictator is i...
Post a Comment
Read more

What is the best deal for Panama?

February 1, 2025 What is the best deal for Panama? Trump wants the American Canal in Panama back. What should Panama do?  Panama should lease the canal to the United States. Panama can then hope that a future president can end the lease or renegotiate it in the future. Panama earns about $5 billion a year operating the canal. Panama should negotiate a lease with the United States that allows Panama to either earn or save about that amount per year. The lease may call for improvements to the canal paid by the United States. The lease may call for other economic concessions to Panama such as a special trade agreement, tariff exemptions, direct U.S. investments in Panama, fintech and cryptocurrency deals, etc.  Panama should see Trump's interest in the canal as a blessing in disguise and as an opportunity to enter into a strategic money-making deal. Panama should not see itself as a victim. The truth is that the United States built the canal and that the United States freed Panam...
Post a Comment
Read more