Jeff Bezos suggests how to decrease US national debt to rival Elon Musk

Source Cryptopolitan

Jeff Bezos has proposed a solution to the United States’ $33 trillion debt crisis to his longtime rival, Elon Musk: grow the economy so big and fast that the debt shrinks as a percentage of GDP. In his words, “You have to grow the denominator.”

The Amazon founder laid out his economic vision at a New York Times DealBook event, doubling down on his support for Trump’s deregulation agenda, while also taking subtle jabs at Elon.

Bezos described America as bogged down by excessive regulations, from infrastructure projects that never seem to get off the ground to the slow-moving approval processes in almost every sector.

“You can’t even build a bridge,” he said, optimistic that Trump, in his second term, could strip away barriers holding the economy back. “I’m actually very optimistic this time around. [Trump] seems to have a lot of energy around reducing regulation. If I can help him do that, I’m going to help him.”

But this could also be about taking on Elon, who some say could use his ties to Trump to tilt the playing field in his favor.

The Bezos playbook: GDP growth over debt cuts

Bezos sees the solution to the national debt as a matter of scale. Shrinking the debt outright? Unrealistic. Growing GDP by 3%, 4%, or even 5% a year? That’s how you make debt “a very manageable problem,” according to him.

He pointed to America’s unique advantages, including abundant natural resources, energy independence, and what he called “the best risk capital system in the world.”

But Bezos didn’t stop at optimism. He hammered on the roadblocks: endless permitting delays and regulations that stifle growth. He’s betting on Trump’s ability to overhaul these systems, describing the former president as “calmer, more confident, and more settled” than in his first term.

Elon’s power play?

Elon has spent years cultivating an image as a disruptor, and his new relationship with Trump has some worried he could use government power to crush competition.

Critics warn Elon could push federal agencies to investigate rivals, change regulations to benefit his companies or lock down government contracts for SpaceX and Tesla.

“The federal government has a set of tools in its toolbox,” said one legal expert, speaking anonymously, “and the question is, will those tools be governed by objective standards or by the material impulses of either the president or Elon Musk?”

Bezos knows this all too well. The two billionaires have been rivals for years, fighting over NASA contracts, satellite launches, and even the title of the world’s richest person. Elon’s SpaceX has consistently outperformed Bezos’s Blue Origin, winning splashy deals for lunar landings and missions to the International Space Station.

Elon has  been mocking Bezos for a long time, calling him a “copycat” and dismissing Blue Origin as a distant second in the space race.

Now, Elon’s dominance extends beyond rockets. SpaceX’s Starlink has launched thousands of satellites, giving it a commanding lead in the low-earth orbit internet market. 

Bezos’s competing Project Kuiper is still in development, with Amazon planning to send up 3,200 satellites to challenge Starlink.

NASA and AI

Jared Isaacman, an Elon ally, has been tapped as Trump’s pick for NASA administrator. Critics say this appointment could further entrench SpaceX’s dominance in space exploration, sidelining competitors like Blue Origin.

Bezos, however, shrugged off these concerns. “I take it at face value that he’s not going to use his political power to advantage his own companies or to disadvantage his competitors,” he said, though he added, “I could be wrong about that.”

The rivalry isn’t just about space. Elon’s battle with OpenAI co-founder Sam Altman has also escalated, with lawsuits and public spats over the future of artificial intelligence. Elon, who helped launch OpenAI in 2015, accused the company of abandoning its non-profit mission by prioritizing profits.

OpenAI responded by releasing emails showing Elon’s initial support for revenue-driven models to fund large-scale AI research.

Elon’s influence on AI policy could grow even stronger under Trump. David Sacks, another Elon ally and the White House’s new AI czar, could steer contracts and regulations toward “open source” AI projects like Elon’s xAI.

That would spell trouble for competitors like OpenAI and Microsoft, both of which have invested heavily in proprietary AI models.

Tesla and the future of EVs

Tesla stands to gain the most from Elon’s Washington connections. The company has long dominated the electric vehicle market, but government investigations into Tesla’s autonomous driving technology could disappear under Trump’s administration.

Elon’s buddy Vivek Ramaswamy has already criticized a $6.6 billion federal loan commitment to Rivian, a Tesla competitor, suggesting such subsidies could be rolled back.

Tesla received similar federal support in 2010—a $465 million loan from the Department of Energy that helped it survive its early struggles. Vivek’s position as co-chair of Trump’s Department of Government Efficiency (D.O.G.E) group only amplifies these concerns.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold rebounds above $4,350 as US Dollar, Treasury yields slipGold price (XAU/USD) rebounds from a nearly one-month low to around $4,385 during the early Asian session on Thursday. The precious metal edges higher as the ‌US Dollar (USD) and Treasury yields retreat from recent highs.
Author  FXStreet
Sep 03, Thu
Gold price (XAU/USD) rebounds from a nearly one-month low to around $4,385 during the early Asian session on Thursday. The precious metal edges higher as the ‌US Dollar (USD) and Treasury yields retreat from recent highs.
placeholder
Gold rebounds above $4,450 as Waller tempers Fed rate hike bets ahead US jobs dataGold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday. 
Author  FXStreet
Sep 04, Fri
Gold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday. 
placeholder
Hot August jobs report reignites Fed-hike bets; S&P 500 slips below 7,700 — what to watch before the September FOMCAugust nonfarm payrolls surged to 162,000, three times the consensus, pushing CME FedWatch odds of a September 25-bp hike to 58.4% and dragging the S&P 500 below 7,700. CPI, PPI and the Sept 15-16 FOMC decision now set the tone for US stocks.
Author  Irene Q.
Sep 07, Mon
August nonfarm payrolls surged to 162,000, three times the consensus, pushing CME FedWatch odds of a September 25-bp hike to 58.4% and dragging the S&P 500 below 7,700. CPI, PPI and the Sept 15-16 FOMC decision now set the tone for US stocks.
placeholder
Gold slumps to near $4,350 amid oil-driven inflation fears, US inflation data in focusGold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
Author  FXStreet
12 hours ago
Gold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
placeholder
US dollar clings to nine-week lows near 98.4 as Brent nears $100 and the yen hits a seven-month high — five events to watch todayThe dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
Author  Eric Nkando
5 hours ago
The dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
goTop
quote