ELON MUSK CRITICIZE TRUMP'S $2T SPENDING BILL ON X!

Elon Musk has indeed criticized President Donald Trump's spending bill, calling it a "disgusting abomination" on social media platform X. The bill, titled "One Big Beautiful Bill," extends Trump's 2017 tax cuts, boosts funding for border and defense priorities, and makes cuts to spending on social safety net programs like Medicaid and food aid.

Key Points of Contention:

Spending Bill Amount: Although the exact figure mentioned varies, Musk's criticism focuses on the bill's potential to increase the national debt by $2.5 trillion over a decade.

Budget Deficit Concerns: Musk argues that the bill would "massively increase the already gigantic budget deficit," which he believes is "crushingly unsustainable" for American taxpayers.

Government Efficiency: As someone who previously worked on government efficiency reforms, Musk is particularly concerned about the bill's impact on the country's financial health.

Reaction from the White House:

Trump's Stance: White House Press Secretary Karoline Leavitt defended the bill, stating that Trump remains committed to it, despite Musk's criticism.

Speaker Mike Johnson: Johnson responded to Musk's criticism, suggesting it might stem from the bill's removal of electric vehicle tax credits, which could affect Tesla's interests .#MyCOSTrade #BinanceAlphaAlert #CircleIPO #TRUMP $TRUMP