Connect with us

Hi, what are you looking for?

Latest News

DeSantis not keen on Musk’s new political party, has another idea for disrupting DC

Florida Gov. Ron DeSantis suggested that business magnate Elon Musk push for balanced budget and congressional term limit amendments to the U.S. Constitution, rather than build a new political party.

Musk, who has been beating the drum about the need to rein in government spending, announced that he is launching a new political party called the America Party.

‘Backing a candidate for president is not out of the question, but the focus for the next 12 months is on the House and the Senate,’ he noted in a post on X.

DeSantis is not on board with the idea.

The governor suggested that if Musk funds candidates in competitive Senate and House contests, Democrats will likely win.

But DeSantis acknowledged that the GOP has an issue with people running on spending less, but then failing to do so. ‘There’s a gap between the campaign rhetoric, and then the performance,’ he said.

Elon Musk launches

He explained that he does not believe ‘electing a few better people’ will alter the ‘trajectory’ on the debt issue.

DeSantis said that the ‘incentives’ in D.C. will ‘lead to these outcomes, really, regardless of the outcome of elections at this point,’ asserting that a balanced budget amendment to the Constitution is needed.

You May Also Like

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

After the final lecture of my Fall 2022 International Economic Policy course (an undergraduate offering meant to introduce non-economics majors to the economics of...



Disclaimer: impactofincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.