Elon Musk sharply criticized President Trump’s new spending bill, marking a growing tension within the Republican Party.
Elon Musk’s Criticism
On Monday, Elon Musk voiced his dissatisfaction with President Trump’s latest spending proposal on X, calling the bill a 'disgusting abomination.' He placed the blame for America’s financial issues on Congress, suggesting the bill would raise the federal deficit to $2.5 trillion. 'Shame on those who voted for it,' Musk wrote.
Status of the Bill in the Senate
The criticism arose as the bill advanced in the Senate, where Republican leader John Thune stated that it needed to be passed before July 4. He emphasized that the GOP can only afford to lose three votes if all Democrats oppose. Disputes about the bill's content continue as Republicans have differing views on its provisions.
Growing GOP Infighting
Despite support from Trump, some senators like Rand Paul outright rejected the bill due to the debt ceiling increase. Musk highlights the importance of budgetary processes, pointing to unchecked spending and lack of oversight. This sentiment resonates with critics in the crypto community, such as lawyer John E. Deaton, who also opposes imprudent financial practices.
The situation surrounding the bill remains tense, and it is unclear whether it will be passed in time. Elon Musk and other critics continue to raise concerns about fiscal responsibility and government spending.
