Tesla and SpaceX CEO Elon Musk has raised serious concerns about Americaās financial direction, criticizing the latest Congressional spending bill in what he describes as a ādisgusting abomination.ā In a fiery post on his platform X, Musk expressed his frustration over what he sees as irresponsible fiscal behavior by lawmakers:
"Iām sorry, but I just canāt stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination."
Musk specifically targeted those who supported the āOne Big Beautiful Bill Act,ā a controversial tax and spending proposal recently approved by the House and now moving to the Senate.
š The Financial Toll Could Be Devastating
According to estimates from the Committee for a Responsible Federal Budget, this bill could increase the federal deficit by $2.5 trillion over the next 10 yearsārising to $5.1 trillion if temporary provisions become permanent. These provisions include expanded tax breaks and exemptions for certain types of income like tips and overtime.
Musk didn't hold back in a follow-up statement:
āThis will massively increase the already gigantic budget deficit to $2.5 trillion and burden American citizens with crushingly unsustainable debt. Congress is making America bankrupt.ā
š A Longstanding Advocate for Fiscal Reform
Having once led the Department of Government Efficiency (DOGE), Musk has long been an advocate for financial accountability in government. Although he recently stepped down from that role, he assured his followers that the mission to streamline government operations would continue.
His criticism has resonated with others in the political and economic space. U.S. Senator Rand Paul echoed Muskās warnings:
āI agree with Elon. Another $5 trillion in debt is a huge mistake. We can and must do better.ā
šŗšø A Divided Response
While critics argue that the bill adds unsustainable debt, the White House maintains it is vital for preserving tax relief and funding national priorities. White House Press Secretary Karoline Leavitt defended the legislation, stating that it reflects the administrationās commitment to the American middle class.
Bottom Line:
As Elon Musk and other prominent voices speak out, pressure is mounting on U.S. lawmakers to reevaluate their approach to fiscal policy. Whether this signals real change or just another heated debate remains to be seenābut the financial warning bells are ringing.
