Musk says Trump's budget bill leads US into debt slavery

US entrepreneur Elon Musk believes that the United States could end up in debt slavery due to US President Donald Trump’s bill on spending and taxes, reported Bernama-Sputnik/RIA Novosti.

In May, the lower house of the US Congress passed Trump’s One Big Beautiful Bill, which cuts federal spending but also provides serious tax breaks.

As a result, according to the Congressional Budget Office, both the budget deficit and the national debt will grow.

“This bill raises the debt ceiling by US$5 trillion, the biggest increase in history, putting America in the fast lane to debt slavery!” Musk said on X.

Musk has repeatedly criticised Trump's bill in his posts; in particular, he previously noted that as a result, the US budget deficit would grow to US$2.5 trillion, and American citizens would face unsustainable debt.

According to analysts, the US may be on the brink of default by August if Republicans and Democrats in Congress do not agree on raising the debt ceiling. 

The issue of raising the borrowing limit has often been used in political disputes within Congress between the two American parties in recent years.

Musk’s sharp criticism of Trump’s spending plans sparked a significant and very public fallout between the billionaire and the president. However, in recent weeks, Musk has been trying to repair the relationship.

On Saturday, he reignited tensions by posting a series of critical remarks about the Senate’s version of the bill, arguing it would weaken US investment in renewable energy.

The Guardian reported that Musk also amplified several posts from Jesse Jenkins, a macro-energy systems expert and Princeton professor, who voiced similar concerns.

After Jenkins wrote, “The energy provisions in the Republicans’ One Big Horrible Bill are truly so bad! Who wants this? The country’s automakers don’t want it. Electric utilities don’t want it. Data centre developers don’t want it. Manufacturers in energy-intensive industries don’t want it.”

Musk replied: “Good question. Who?”

The Guardian reported that Musk’s ongoing criticism of Trump’s budget proposals comes as the bill faces a tough battle in the Senate.

While Republicans aim to push it through with their majority, some GOP senators have raised concerns over proposed cuts to Medicaid and food stamps, measures intended to offset the cost of extending Trump’s tax breaks.

At the same time, fiscal conservatives alarmed by rising national debt are demanding even deeper spending cuts.

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