Elon Musk has targeted the US government’s hefty federal budget, and President Biden’s infrastructure bill in particular, arguing that spending has reached “insane” levels far beyond what the country can afford. .
Speaking at Tesla’s new ‘Gigafactory’ in Austin, Texas for the Wall Street Journal CEO Council summit on Monday, Musk criticized a massive infrastructure bill signed by President Joe Biden last month , namely its price of trillion dollars, ranking among the most expensive. laws passed in the history of the United States.
“You can’t just spend $ 3 trillion more than what you earn each year. If you don’t cut government spending, something really bad is going to happen. It’s crazy,” he said.
Our expenses far exceed revenues. It’s crazy. You could wipe out all the billionaires in the country… you still wouldn’t solve the deficit.
The Tesla founder also criticized provisions in the bill that propose to subsidize an electric vehicle charging network, likening the measure to a program to support gas stations with taxpayer dollars. “This is not necessary to support a charging network. Delete it. Wipe off. I literally say get rid of all the subsidies ”, Musk continued, adding “In general, I think the government should try to get out of the way and not hinder progress.”
Commenting on what he would like to see in terms of improved infrastructure, Musk said investments in airports, double-decker highways and a tunnel system for electric vehicles would be desirable, although added. “I don’t see a major effort in this direction.”
The hotly debated $ 1.2 trillion infrastructure package was adopted by Biden on November 15, after months of wrangling over its contents. While large numbers of Republicans in the House continued to oppose the plan and only 13 voted to pass it, the Senate was more divided on the issue, seeing 19 GOP lawmakers joining opponents of the other. side of the aisle. Besides investing in electric car infrastructure, the bill also aims to repair the country’s roads and bridges, improve internet speed and access, and update the power grid, among other things.