"We’ve spent so much money, the federal budget deficit is insane. It’s like $3 trillion. Federal expenditures are $7 trillion. Federal revenues are $3 trillion. If it was a company, it would be a $3 trillion dollar loss. I don’t know we should be adding to that loss. Something's gotta give. You can’t just spend $3 trillion more than you own every year and don’t expect something bad to happen", Musk said.
"Rules and regulations are immortal. They don't die. The vast majority of rules and regulations live forever ... there's not really an effective garbage collection system for removing rules and regulations, so this hardens the arteries of civilization where you are able to do less and less over time. Honestly, I would just can this whole bill. Don't pass it. That's my recommendation", Musk said.