The media paid a lot of attention to Elon Musk’s criticism of the tax bill passed out of the House, complaining that DOGE savings were mostly ignored and debt spending continues to rise.

But what largely slid under the radar screen was his admonition that he had come to the same fiscal conclusion that we have:

We think he is a subscriber to the HOTLINE and learned from these pages that at 3%+ GDP growth, the national debt plummets even without any spending cuts.