Elon Musk Denounces Trump's 'One Big Beautiful Bill' as a Path to U.S. Bankruptcy

  Elon Musk Slams Trump’s $5.1 Trillion Bill as a Threat to U.S. Economy

       Tech billionaire Elon Musk has sharply criticized Donald Trump’s “One Big Beautiful Bill”, calling the $5.1 trillion tax and spending proposal a “disgusting abomination.” Musk warned that              the   legislation could push the United States toward bankruptcy by dramatically expanding the national debt and worsening the federal budget deficit.

        The bill, recently passed by the House, includes extended 2017 tax cuts, new tax breaks, and a $4 trillion increase in the debt ceiling. Musk estimates that the deficit could balloon to $2.5              trillion,  placing a heavy burden on future generations.

        His comments have energized fiscal conservatives, with lawmakers like Senators Mike Lee and Rand Paul echoing concerns over excessive government spending and the bill’s far-reaching           provisions. One controversial clause limits state-level regulation of artificial intelligence, sparking debate across party lines.

       While the White House defends the bill as essential for tax relief and economic growth, its fate in the U.S. Senate remains uncertain amid rising opposition and scrutiny over its long-term                 economic implications.

  Key Takeaways:

• Elon Musk labels Trump’s bill a “disgusting abomination.”

• $5.1T package includes tax cuts and major debt ceiling hike.

• Musk warns U.S. deficit may reach $2.5T.

• GOP senators Mike Lee & Rand Paul raise concerns.

• AI regulation and fiscal policy spark debate.

• Senate outcome still undecided.