Entrepreneur Elon Musk (Tesla, SpaceX, X, Starlink, and 20 other companies) has been attacked by the left and the elites even though he is more right and heroic than anybody on the left ever could hope to be. As we have noted in the past, he is the Paul Revere of our time. Only instead of yelling, “The British are coming!” Musk is yelling, “The interest on the National Debt is now actually adding to our debt!”
But the lefties of the mainstream media are now using an interview of former Donald Trump advisor Steve Bannon coming out against Elon Musk. Bannon attacking Musk has left many on the left and right scratching their heads as people on the right usually stand together unless they are branded “RINOs” (Republicans in Name Only) like Liz Cheney.
“Steve Bannon calls Elon Musk an ‘evil guy,’ vows to stop his influence over Trump” – USA Today
This could be a huge mistake and miscalculation by Steve Bannon and his War Room podcast. In the first place, Steve Bannon and his War Room podcast are so hated by the left, he can only be found on Rumble rather than YouTube. But yet, Bannon is now seen all over the place on YouTube for his attack on Elon Musk, go figure!
As much as MAGA followers like Steve Bannon for having been a Trump loyalist to the point of going to prison for him, many of those same followers do not like having to pick between Bannon and Musk now. And it is not about the $250M in money Musk provided to the 2024 Trump campaign but rather the Musk message he demands we all address at this time in American History.
The trajectory America’s national debt is on now has put us in a death spiral we will not survive.
The average American does not understand credit card debt which is at a record high right now thanks to the Bidenomics of the failed Joe Biden Administration. That means it is pretty obvious they won’t be able to understand our National Debt as Elon Musk tries to call attention to it. Indeed, some will think because nothing bad has happened in the past, nothing bad is going to happen in the future as America is too big to fail. That is wrong headed thinking.
It would be good for Americans to understand credit card debt to begin with:
“Credit Card Minimum Payments Explained” – Honest Finance
When you make the minimum payment on a credit card you are mostly paying for the fees and interest on the debt on that card at that moment in time and not the debt itself. From Google AI:
“Yes, making only the minimum payment on a credit card generally increases your overall debt over time because a large portion of your payment goes towards interest, leaving only a small amount to actually pay down the principal balance, which can lead to a cycle of accumulating debt even if you are making payments each month.”
So to relate this back to our Congress and the National Debt, they are now to the point where they are not even able make the minimum payment on our national debt. The interest due is actually adding to the debt at a more accelerated rate than when you don’t make the minimum payment on your credit card.
CONCLUSION:
There should be a law in the United States that credit cards should be required to show the minimum payment on a debt such that it will neither increase nor decrease that debt. In other words the minimum payment would become known as a “stay even” payment which many now think it already is. It is not. For example; right now on a credit card with 18% interest, with a debt of $500 on it, if you make the minimum payment of $29 it will take you 21 months to pay off that $500, and you will have paid in $83 dollars of interest to the credit card company. Many Americans do not understand that.
Elon Musk is trying to explain America’s complex debt problem way easier than this simple credit card debt scenario.
As Musk recently stated in an interview:
“Big Government has gone unchecked for so long it’s just been accepted. We are at a point where we don’t have a choice, $36T debt and growing $1T per 100 days.”
If I have to pick between Steve Bannon and Elon Musk, I am siding with Musk.
Steve Bannon’s nationalistic, populistic, desire to tax corporations more to fund American infrastructure projects smells too much like Democrats and their record of failures.
“Two Camps in Trump’s Administration” – Millions
California has collected billions of taxpayer dollars from both the Feds, and local taxpayers for supposed infrastructure projects, projects like high speed rail and more water reservoirs for fire prevention. They have done nothing other than piss that money away on themselves. Illustrative example, Los Angeles Department of Water and Power (DWP) CEO Janisse Quiñones was hired by Mayor Karen Bass on a $750,000 a year salary. For reference, the President of the United States has a yearly salary of $400,000!
To hate messenger Musk because of his mismanagement message, and the fact he comes from a self-made corporate wealth at this point in American History, is the epitome of idiocy.
Steve Bannon should stand down, NOW!
California Democrats are either painfully stupid or the enemy within. Case in point:
California lets millions of unvetted illegal aliens in at their southern border and then aid and abet these criminals under the guise of a “sanctuary state”, and then blame historic wildfires on “climate change” when illegal alien arsonists are caught red-handed setting many of them.
I may visit California again as a tourist but there is no way in hell I will ever ride their 200 mph bullet trains knowing these unvetted people circulate freely in California. Gavin Newsom and his ilk are some of the dumbest people on the planet. There is a reason why Japan (where the high-speed train was invented) can safely run their bullet trails without terrorist incidents.
“Japan defends its immigration policy, amid Joe Biden’s accusations of xenophobia” – Le Monde
Musk, like Trump, is working for the American taxpayers in his new “Department of Government Efficiency” (DOGE) program free-of-charge. That should tell you everything you need to know about Elon Musk and his character just as it does for Donald Trump. Self-made billionaires do not need to suck on the tits of the American taxpayers like career Democrat politicians do!
© 2025 by Mark S. Schwendau
