Some Democrats like Elon Musk and Reed Hoffman actually share a common ground for US debt.

last weekend, He announced that he is forming a new political party. After rebutting with President Donald Trump about a megabuild that is expected to add trillions to the deficit.

“When it comes to bankrupting our country with waste and grafts, we live in a one-party system, not a democracy,” Musk said. Posted on x. “Today, the American Party is formed to give you your freedom back.”

He also warned earlier “Debt Slavery” The tax and expenditure bill criticized its treatment EV and solar energy tax credits against oil and gas incentives.

on wednesday, LinkedIn Co-founder and top donor of the Democratic Party Reed Hoffman told CNBC He points out that he is “very sympathetic” to the core cause of deficit control, and that the cost of paying interest on US debt is one of the biggest roadside items in the federal budget.

However, he was skeptical of the American Party’s outlook given the long history of failed attempts to maintain third parties.

“So, although it’s not necessarily going to hit me as the best strategy for that, I think it’s important to try and focus on debt,” Hoffman added.

And last week, Jared Bernstein, who previously chaired President Joe Biden’s Economic Advisory Council, said he had it. There was a change in our minds regarding our debts.

in New York Times Oned On Wednesday, he admitted that he was once a longtime dove in the budget deficit, and previously argued that fiscal austerity often does more harm than good.

“Now. I’m in the Hawks, like many other longtime pigeons, because the mathematics in our country’s budget has become even more dangerous,” writes Bernstein.

Larry Summers, who served as Secretary of Treasury in the Clinton administration and director of the Obama administration’s National Economic Council, issued a warning about US debt after the megaville was signed.

in Interview with ABC News Last Sunday he said he had narrowed the deficit during the Clinton presidency and launched a clever cycle of increased investment, increased economic growth, lower interest rates and even narrower deficits.

He acknowledged that since 2010, including the Obama administration, he had been preaching that deficit reductions need not be a top priority. However, he also thinks it’s different this time.

“People who see the numbers warned us that we have never had a remote deficit like this, or that we have never had a remote debt outlook like this — at any moment in our history, when the economy was strong and we were peaceful.”

However, as Musk, who appeared as the top bogeyman on the left, shared debt concerns, and some Democrats, doesn’t mean they have similar ideas about what to do about the issue.

Before leaving the Trump administration, Musk’s government efficiency sought to cut trillions of dollars in federal spending to reduce the deficit.

In contrast, Summers says the federal government can be more efficient, but the US cannot reach a more sustainable fiscal trajectory. A significant tax increase.

Still, dialogue is another sign of the earthquake change that is taking place in American politics. New governance principles for the economy In the wake of a crushed consensus.

Openai CEO Sam Altman Posts from July 4th xhe said Democrats have lost their way and he is now “political homeless.” At the same time, he advanced his own economic vision.

“I believe in techno capitalism,” he wrote. “We should encourage people to make a lot of money, broadly distribute wealth, and find ways to share the compound interest magic of capitalism, one side won’t work without others.