{"id":43818,"date":"2025-06-05T14:00:19","date_gmt":"2025-06-05T11:00:19","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43818"},"modified":"2025-06-05T12:39:39","modified_gmt":"2025-06-05T09:39:39","slug":"trump-law-spending-elon-musk-comment-abomination","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-law-spending-elon-musk-comment-abomination\/","title":{"rendered":"Elon Musk: Congressional Spending Bill Is an Absolute Abomination!"},"content":{"rendered":"

Coinbase<\/strong> CEO Brian Armstrong<\/strong> drew attention to the rapidly growing U.S. national debt. He warned that if Congress does not reduce the budget deficit, Bitcoin could become the world\u2019s reserve currency. \u201cI love Bitcoin, but a strong America is also very important<\/span>,\u201d Armstrong said. The current U.S. debt stands at $36.9 trillion<\/strong>. Armstrong stated that if voters do not pressure Congress<\/strong> to reduce the debt, Bitcoin<\/strong> will inevitably step in. Elon Musk supported Armstrong\u2019s post with an American flag emoji.<\/span>\u00a0<\/span><\/p>\n

A comprehensive bill known to the public as \u201cOne Big Beautiful Bill<\/strong>,\u201d approved by the U.S. House of Representatives, aims to make permanent the tax cuts enacted during the Trump<\/strong> era in 2017. Additionally, the bill allocates $46.5 billion<\/strong> to enhance security measures at the U.S.-Mexico border.<\/span>\u00a0<\/span><\/p>\n

Elon Musk Harshly Criticizes Controversial Spending Bill<\/h2>\n

Elon Musk called the new congressional spending bill a \u201cabomination.\u201d<\/span>\u00a0<\/span><\/p>\n

\u201cI\u2019m sorry, but I can\u2019t take this anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination\u201d he stated.<\/span>\u00a0<\/span><\/p>\n

Musk harshly criticized lawmakers who supported the bill: \u201c Shame on those who voted for it: you know you did wrong. You know it.\u201d<\/span>\u00a0<\/span><\/p><\/blockquote>\n

Musk argues that the bill will increase the federal budget deficit<\/strong> by $2.5 trillion. He also emphasized that the bill is filled with special interests and could harm the economy. The legislation is seen as a continuation of former President Trump<\/strong><\/a>\u2019s tax and spending package. While it eliminates some government programs, it also extends tax regulations. The statements from Musk and Armstrong have sparked major discussions about the future of the U.S. economy<\/strong> and Bitcoin<\/strong>.<\/span>\u00a0<\/span>White House spokesperson Karoline Leavitt dismissed Musk\u2019s concerns.<\/span>\u00a0<\/span><\/p>\n

\n

I\u2019m sorry, but I just can\u2019t stand it anymore.<\/p>\n

This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.<\/p>\n

Shame on those who voted for it: you know you did wrong. You know it.<\/p>\n

— Elon Musk (@elonmusk) June 3, 2025<\/a><\/p><\/blockquote>\n