[Report by Li Sa] Following the announcement on social media on May 5th by billionaire Elon Musk of the establishment of “The Party USA,” according to a recent report by the Australian Broadcasting Corporation, a netizen asked Musk why he had turned from love to hate towards Trump. In response, Musk stated: “(Trump) has expanded the fiscal deficit of $2 trillion that was already at an insane level during Biden’s administration to $2.5 trillion, which will lead to national bankruptcy.”
Recently, Musk has been in disagreement with President Trump over the “Big Beautiful” tax and spending bill. On June 3rd, after leaving his position as head of the U.S. Department of Energy, Musk expressed his disdain for the massive tax and spending “Big Beautiful” bill pushed by the Trump administration on social media, describing it as “revolting.” He also posted on the same day: “The Congress is causing America to go bankrupt. This will significantly increase the already enormous budget deficit to $2.5 trillion, bringing unbearable debt burdens to American citizens.”
On the afternoon of June 3rd, the House of Representatives passed the “Big Beautiful” bill, supported by 218 votes in favor and 214 against, following President Trump’s push. The bill had been approved by the Senate on the same day of the month. Domestic concerns within the United States are growing about how this bill could exacerbate the country’s fiscal deficit and debt risks further.
The “Big Beautiful” bill by Trump tears apart America.