Musk demands rethinking: Trump's beautiful law endangers efficiency!

Musk demands rethinking: Trump's beautiful law endangers efficiency!

The former ally of Donald Trump, Elon Musk, made serious allegations against the new budget law in an interview. In an interview with CBS News, Musk expressed his disappointment with the "One Big Beautiful Bill Act", which was recently just said goodbye to the House of Representatives. The law, which provides for extensive tax reliefs and increased expenditure for border security, is viewed by Musk as a threat to the efforts of an economical budget management.

"This massive spending package will significantly increase the US budget deficit," said Musk. He was skeptical about the name of the law and asked rhetorically whether it could be both "big" and "beautiful". The congressional budget office predicts an increase in the deficit by $ 3.8 trillion by 2034, which Musk's previous efforts to achieve savings of up to $ 2 trillion. Musk, who previously worked as head of the Department of Government Efficiency (Doge), is now planning to rethink his political support for Trump to concentrate on his entrepreneurial activities.

Musk moves from politics

The Tech-Mogul, who has so far supported Trump with over $ 290 million and acted as a senior Adviser, announced that it will invest in political initiatives in the future. This financial reluctance could also affect his previously mentioned promise to invest $ 100 million in political groups controlled by Trump. "I may have spent too much time with political matters," said Musk in the interview and emphasized that he would now like to concentrate more on Tesla and SpaceX.

The legislation enforced by the Republicans is currently debated in the Senate, where resistance is expected by fiscal conservative republicans. Musk's concerns about the federal government are not new; He had described the bureaucracy as disappointing and even worse than expected, which could put additional strain on his earlier political ambitions.

The controversy about the spending package

"It is not just the question of money," says Musk about the law, which also brings changes to social programs such as medicaid and grocery brands. Although these are intended to reduce expenses by more than $ 1 trillion, but critics fear that government plans cannot be met. Musk is concerned that the overall package undermines the efforts of the Doge and explains that "we should strive for efficiency and sustainable solutions for the federal expenses".