Elon Musk has once again raised concerns about government spending by speaking out against a new bill that he believes could lead the country towards bankruptcy.
Trillions in New Debt
The bill, championed by President Donald Trump, is projected to add up to $5.1 trillion to the U.S. national debt over the next decade. Musk expressed concerns that it would "massively increase the already gigantic budget deficit to $2.5 trillion" and burden American citizens with "crushingly unsustainable debt."
End of DOGE Role, Not the Criticism
Musk’s comments came just days after he stepped down from his role leading the Department of Government Efficiency (DOGE). However, he continues to voice his objections to the bill despite the congress funding cut initiated on DOGE.
Disagreements in Congress
In response to Musk’s criticism, Senator Rand Paul called the bill "a huge mistake," emphasizing the need for fiscal discipline. Meanwhile, White House Press Secretary Karoline Leavitt defended the bill as vital for preserving tax relief. House Speaker Mike Johnson pushed back against Musk's criticisms, insisting that correct fiscal policies are being followed.
The proposals and criticisms surrounding the new spending bill continue to escalate, sparking public discontent and political debate across the U.S.
