Elon Musk unleashed criticism: Trump's law brings America into debt trap!
Elon Musk unleashed criticism: Trump's law brings America into debt trap!
In an unexpected step, Elon Musk, the well-known entrepreneur and former advisor to US President Donald Trump, sharply criticized the recent expenditure and tax law of the Republicans. On the platform X, he described the draft law as "disgusting hideousness" and objected to the dubious expenditure contained therein for local interests. This step surprised because Musk was previously received by Trump in the Oval Office and his support enjoyed. The law has passed the House of Representatives with a narrow majority of 215 to 214 votes and is now waiting for approval by the Senate.Trump urges the senators to submit the draft law to sign until July 4. Musk is not alone in his criticism. Senator Rands also expressed concerns and demands savings of five trillion dollars before he agrees to the law, supported by three other senators.
warnings about public debt
Elon Musk warned that the law could increase the federal debts by $ 3.8 trillion, which is alarming in view of the existing government debt of $ 36.2 trillion. The warnings from the Congressional Budget Office (CBO), which predicts that the law increases the deficit by $ 2.3 trillion over ten years, were rejected by Republican politicians, including Mike Johnson and Karoline Leavitt. Johnson praised Musk and his Doge initiatives that aim to reduce waste in the federal budget, while critics fear negative effects on important programs.
The planned cuts provide for cuts in Medicaid and the allocation of food brands to finance the law. Jennifer Riedl, a conservative household expert, made it clear that tax cuts that are intended in the law often lead to higher budget deficits. This represents a pattern in Republican politics that Musk considers harmful to the economic stability of the nation.
Musk pulls consequences and distances itself
In an interview with CBS, Musk expressed his disappointment with the law and emphasized that he would fully concentrate on his companies again while he withdraws from his role as a special advisor to the Trump administration. He thanked Trump for the opportunity to reduce waste in the household, but now he wants to concentrate on his business activities.
The tense relationships between Musk and Trump are also shown in the discussion about tariffs. Musk spoke out for a “zero-inch policy” between Europe and the USA and has criticized Trump's customs policy in the past. Despite her common past and the support that Musk Trump was given, his current criticism indicates a significant break, which Trump could possibly feel as a setback at the election cord in the 2026 junior elections.
The upcoming vote in the Senate will continue to remain exciting, while the topics of state debt and budget deficit are at the center of political discourse. Musk announced that they want to vote out politicians, who in his opinion reveals the American people in the next elections. The Republicans are required to find a solution internally to avoid possible consequences of their political decisions in both parliament and voters.
For more information, read the complete reports at FAZ , NBC News and ZEIT ONLINE .
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