Billionaire Elon Musk launched a renewed attack on U.S. President Donald Trump’s budget bill on Saturday, calling it “utterly insane” and warning that it would hurl America into “debt slavery”
and destroy millions of jobs.
The dispute between the two men who were
once close allies turned ugly earlier in June over Trump’s “big, beautiful” tax and spending bill.
Elon Musk escalates attack on Trump’s mega bill
In a 51-49 vote, the US Senate has decided to begin discussing the legislation

The Tesla and SpaceX CEO’s outburst came hours before Senate
Republicans narrowly advanced the bill in a 51-49 procedural vote, with
Vice President J.D. Vance on standby to break a potential tie.
Musk took to X to condemn the legislation, writing,
“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!”
In a series of posts, he accused the bill of favoring “industries of the past” –-- likely a jab at fossil fuel subsidies – while undermining future-focused sectors like renewable energy and tech.
- Musk claimed that the bill’s $5 trillion debt ceiling hike would put the US in the “fast lane to debt slavery,” citing polling data that suggests GOP voters oppose the bill over fiscal concerns.
- After leaving the Department of Government Efficiency (DOGE), Musk criticized the bill’s deficit impact, calling it a “disgusting abomination.”
Trump
retaliated by accusing Musk of having sour grapes over lost electric
vehicle subsidies – a reference to federal incentives that had benefited
Tesla.
- Musk escalated by insinuating that Trump had ties to late financier and convicted pedophile Jeffrey Epstein, while Trump considered cutting SpaceX contracts.
- Later, Musk apologized, and Trump suggested that he could forgive him.
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Billionaire Elon Musk issued a blistering critique
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