Elon Musk condemned Trump’s new spending proposal on X, labelng it a “disgusting abomination.” He warned that Congress’s actions could drive America into bankruptcy, projecting a federal deficit rise to $2.5 trillion as a consequence.
Senators Rand Paul and Ron Johnson are vocal opponents of the bill, criticizing its debt ceiling increase. GOP leadership faces pressure to maintain unity and pass it before the July 4 deadline.
Crypto advocate John E Deaton echoed Musk’s sentiment, arguing that the spending bill exacerbates inflation and erodes trust in the dollar. The ongoing conflict within the GOP adds to uncertainty surrounding the legislation’s future.
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