Billionaires, including the world's wealthiest man Elon Musk, couldn't stop reacting as the U.S. national debt hits record high. As per the Treasury Department, the U.S. debt stood at $36.2 trillion on June 3.

Elon Musk warns that excessive public spending could trigger a U.S. debt crisis, threatening Social Security and health care. He criticizes a Trump-backed bill as worsening the problem.

“Call your Senator. … Call your Congressman. … Bankrupting America is NOT ok! KILL the BILL,” Musk posted on Wednesday. The next day, he took to X to lob more incendiary accusations at President Donald Trump after the president repeatedly attacked Musk and his businesses on Truth Social.

Elon Musk calls Trump's bill a 'disgusting abomination' over debt concerns, creating tension with Trump's base who overwhelmingly support the legislation according to new polling, despite the billionaire's significant influence in Republican politics.

“This spending bill contains the largest increase in the debt ceiling in US history! It is the Debt Slavery Bill,” Musk, who ranks No. 1 on Bloomberg's Billionaires Index, posted on X on Wednesday. “I think a bill can be big or it could be beautiful. I don't know if it could be both.”

Sen. Mike Lee joined Elon Musk in criticizing the proposed spending in President Trump's "big beautiful bill." Musk called it 'debt slavery for the American people," and Lee agreed.

Elon Musk has raised concerns about the escalating U.S. fiscal deficit, cautioning that unchecked government spending could jeopardize essential programs like Social Security and healthcare. He criticized a proposed bill,

No wonder Elon Musk is so upset,” Enten told CNN’s John Berman. The billionaire took to his social media platform Wednesday where he ramped up criticism of the GOP-backed legislation and pushed for Americans to “KILL the BILL,