Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Former DOGE Head Elon Musk Tells Lawmakers To Kill Trump’s ‘Big, Beautiful’ Bill

Former DOGE Head Elon Musk Tells Lawmakers To Kill Trump’s ‘Big, Beautiful’ Bill

Daily HodlDaily Hodl2025/06/04 16:00
By:by Daniell Marlow

After stepping down from the Department of Government Efficiency (DOGE), Elon Musk is publicly attacking the President’s “big, beautiful” bill.

In a post on the social media platform X, the platform which he owns, Musk urges Americans to contact their representatives to prevent Trump’s plan from “bankrupting America.”

“Call your Senator,

Call your Congressman,

Bankrupting America is NOT ok!

KILL the BILL.”

According to Musk , Trump’s highly self-touted economic plan is a “disgusting abomination.”

“I’m sorry, but I just can’t stand it anymore.

This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.

Shame on those who voted for it: you know you did wrong. You know it.”

Furthermore, Musk says the shortcomings of Trump’s bill are significant enough to require the entire document to be redrafted.

“A new spending bill should be drafted that doesn’t massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS.”

Musk’s opposition to a budget plan that increases the debt ceiling should come as little surprise. The former DOGE head has long publicly stated that America’s growing debt will ultimately lead to financial ruin.

“DOGE has and will do great work to postpone the day of bankruptcy of America, but the profligacy of government means that only radical improvements in productivity can save our country.” 

According to a NBC News report, during a bilateral meeting with German Chancellor Friedrich Merz, Trump had the following to say about his former ally :

“I’m very disappointed because Elon knew the inner workings of this bill. I’m very disappointed in Elon. I’ve helped Elon a lot…

Elon’s upset because we took the EV (electric vehicle) mandate, which was a lot of money for electric vehicles and they’re having a hard time with electric vehicles and they want us to pay billions of dollars in subsidy. Elon knew this from the beginning.”

However, according to Musk, Trump wouldn’t even be president without him.

“Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.”

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!