Elon Musk Warns US Headed for Bankruptcy,
Kevin Helms
Economics
Elon Musk Warns US Headed for Bankruptcy, Slams Congress Over ‘Disgusting Abomination’ Bill
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Elon Musk erupts in fury, declaring he can’t take it anymore as he warns unchecked government spending is driving America toward catastrophic financial collapse and irreversible damage.
Elon Musk Warns US on Brink of Bankruptcy—Says He Can’t Take It Anymore
Elon Musk has unleashed a scathing critique of the newly passed Congressional spending bill, calling it a “disgusting abomination” and taking to his social media platform X to voice his frustration. In a post that quickly gained traction, Musk declared:
I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.
“Shame on those who voted for it: you know you did wrong. You know it,” Musk added. His remarks were aimed at the “One Big Beautiful Bill Act,” a sweeping tax and spending package championed by President Donald Trump that recently passed the House and is now awaiting Senate action.
The Committee for a Responsible Federal Budget estimates the bill would increase primary deficits by $2.5 trillion over the next decade, or $3.1 trillion with interest. If temporary provisions like the expanded child tax credit and tax exemptions on tips and overtime become permanent, the total debt increase could reach $5.1 trillion, including interest.
Musk added in a follow-up post: “It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden American citizens with crushingly unsustainable debt.” In addition, the billionaire wrote:
Congress is making America bankrupt.
Previously leading the Department of Government Efficiency (DOGE), Musk has repeatedly voiced his concerns about fiscal mismanagement. He recently announced the end of his role as a special government employee, thanking President Trump and noting that DOGE’s mission would continue within government operations. His comments have fueled controversy in the broader conversation on federal spending. White House Press Secretary Karoline Leavitt defended the legislation, calling it essential for preserving tax relief and supporting national priorities.
Many people shared Musk’s concerns. Senator Rand Paul, for example, wrote on X:
I agree with Elon. We have both seen the massive waste in government spending and we know another $5 trillion in debt is a huge mistake. We can and must do better.
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