Tensions between Donald Trump and Elon Musk have significantly escalated. What was once a seemingly friendly relationship between the former U.S. President and the Tesla CEO has turned into a public feud – all triggered by Trump’s controversial spending bill, which Musk bluntly labeled the "Debt Slavery Act."
📉 Elon Takes a Firm Stand Against the Bill
Musk sharply criticized the bill’s proposal to raise the debt ceiling by $5 trillion and slash multiple federal programs. On X (formerly Twitter), he urged his 220 million followers to contact lawmakers and demand the bill be rejected:
“Bankrupting America is NOT okay! Kill the bill.”
According to the Wall Street Journal, Trump is reportedly “losing patience” with Musk. Their once-aligned views across several political fronts are now crumbling under the weight of these public disagreements.
⚠️ Tensions Grow After NASA Nomination Fallout
The feud deepened after Trump’s administration withdrew the nomination of Jared Isaacman, a close Musk ally, to lead NASA. Sources say Elon saw this as a personal betrayal, especially after donating hundreds of millions to Trump’s reelection efforts.
Musk responded publicly, calling Isaacman “competent and kindhearted”, and pushed back against what he sees as politically motivated appointments. Some speculate that Musk’s criticism gave political cover to those withdrawing the nomination.
📊 What the Numbers Say
The Congressional Budget Office (CBO) estimates that Trump’s bill would, over the next decade:
🔹 Cut federal revenue by $3.67 trillion
🔹 Reduce spending by $1.25 trillion
🔹 Increase the national debt by $2.4 trillion
Additionally, CBO projects 10.9 million Americans could lose health insurance, including over 1.4 million people lacking verified immigration status.
🗳 Trump Holds His Ground as Opposition Grows
House Speaker Mike Johnson defends the bill, claiming that “no government in history has ever passed a $1.6 trillion budget cut in a single legislative act.” Meanwhile, the White House dismissed the CBO as “politically biased,” which only fuels further public distrust.
The bill has already passed the House but still awaits Senate revisions. Trump hopes to sign it by July 4, intending to frame it as a “patriotic victory.” Whether Elon Musk – with his massive influence – will derail that plan remains to be seen.
#TRUMP , #ElonMusk , #USPolitics , #USGovernment , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“