_WHAT’S HAPPENING_

One of Elon Musk’s most dearly held political issues is cutting America’s growing debt. To that end, he’s preparing to create the “America Party,” which would focus on cutting spending and other key issues by acting as a spoiler to win key Senate and House seats.

Some conservatives, however, argue that the world’s richest man could use his money more effectively to achieve an even better result: a balanced budget amendment permanently written into the Constitution.

A balanced budget amendment would force the federal government to spend only what it collects — no more debt.

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