June 4, 2025 | Washington, D.C. —
Elon Musk is once again at the center of a national political firestorm, this time taking direct aim at a new federal spending package he says could push the United States into economic collapse.
In a series of posts on X, the social media platform he owns, Musk railed against the recently passed “One Big Beautiful Bill Act,” describing it as bloated, reckless, and “a disgusting abomination.”
“I just can’t take it anymore,” Musk wrote. “This pork-loaded monstrosity is fiscal suicide.”
The legislation, championed by former President Donald Trump and recently passed by the House of Representatives, is now on its way to the Senate. If enacted, it would enact sweeping tax reforms and increase federal spending on a wide range of programs.
But critics warn the price tag is staggering.
📉 $5 Trillion in New Debt?
According to the Committee for a Responsible Federal Budget, the bill is expected to add $2.5 trillion to the national deficit over the next 10 years — and possibly $5.1 trillion if temporary provisions become permanent. These include expanded child tax credits and tax exemptions for tips and overtime pay.
Musk, who previously held a ceremonial role advising the government on cost-cutting efforts through the humorously named Department of Government Efficiency ($DOGE ), cited the legislation as his breaking point:$BTC $ETH
“This will massively increase the deficit and bury Americans under a mountain of debt,” Musk said. “Congress is bankrupting the country.”
🏛️ Divided Response
Supporters of the bill argue it provides much-needed economic relief and secures popular tax benefits. White House Press Secretary Karoline Leavitt defended the package, saying it “protects working families, preserves tax cuts, and strengthens American competitiveness.”
But opposition is growing across ideological lines.
Senator Rand Paul (R-KY), a longtime budget hawk, backed Musk’s concerns:
“Elon is right — this kind of spending is not just wasteful, it’s dangerous,” Paul said. “We’re staring down the barrel of a debt disaster.”
Musk’s warnings reflect broader anxieties about the federal government’s long-term fiscal trajectory. The national debt recently surpassed $36 trillion, with interest payments consuming a record share of the annual budget.
⚠️ What Happens Next?
With Senate debate looming, the bill’s future remains uncertain. However, Musk’s high-profile denunciation has added a new layer of scrutiny — and his massive online following has amplified the conversation.
“This isn’t about politics,” Musk said in a final post. “It’s about math. And the math doesn’t lie.”
