Musk urges new Trump spending bill, calls $5 trillion debt increase ‘fast lane to debt slavery’ in new X post
Elon Musk has escalated his attacks on President Donald Trump’s controversial spending bill, urging Congress to scrap the current proposal and draft a new one that does not “massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS.”
Mr Musk, who stepped down from his White House cost-cutting post just days ago, took to his X platform to voice his concerns.
“A new spending bill should be drafted that doesn’t massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS,” he wrote, repeating his warning that “America is in the fast lane to debt slavery.”
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By continuing you agree to our Terms and Privacy Policy.His latest comments follow a string of social media posts in which Mr Musk has called the bill a “disgusting abomination” and accused lawmakers of supporting a “massive, outrageous, pork-filled Congressional spending bill.”
“Shame on those who voted for it: you know you did wrong. You know it,” Mr Musk posted earlier this week.
The spending package, which narrowly passed the House and is now before the Senate, would extend and expand tax cuts, boost deductions for state and local taxes, and introduce new breaks for tips, overtime, and Social Security benefits.
It also includes funding for border security, defence, and farm support, while cutting green-energy tax credits, Medicaid, and food assistance.
Critics like Mr Musk and Senator Rand Paul argue the bill’s $5 trillion debt ceiling increase will add to the federal deficit and put future generations at risk. Supporters, including US President Donald Trump, claim the tax cuts will drive economic growth and eventually offset the fiscal gap.
Mr Musk’s opposition comes after he led a federal cost-cutting team and repeatedly warned that the bill’s projected $2.4 trillion increase to the deficit would “undermine” efforts to rein in government spending.
Despite his departure from the administration, Mr Musk’s high-profile criticism continues to fuel debate as the Senate considers amendments to the bill before sending it back to the House.
