The tech billionaire Elon Musk has sparked widespread debate on X by criticizing the new Congressional spending bill. He warns that the bill will balloon the U.S. federal budget deficit to staggering $2.5 trillion, which eventually will burden the citizens.
In a series of posts on X since June 3, Musk is fiercely debating while calling the legislation a “massive, outrageous, pork-filled” abomination, and accusing lawmakers who supported it of betraying the public.
“It will massively increase the already gigantic budget deficit to $2.5 trillion and burden American citizens with crushingly unsustainable debt,” Musk wrote, highlighting the growing strain of national debt, which has already surpassed $36 trillion.
“A new spending bill should be drafted that doesn’t massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS,” he added in a latest X post.
The Congressional Budget Office estimates the bill—which includes tax cuts, increased military spending, and immigration enforcement measures—could add $2.3 trillion to the deficit. With the U.S. deficit currently at $1.1 trillion, as of April 2025 data, the issue has ignited a broader conversation about fiscal responsibility.
While some lawmakers, like Sen. Ted Cruz, advocate for spending cuts, others argue the bill could drive economic growth through tax incentives.
X Pushes Bitcoin as Potential Solution
Joining the controversy, the crypto advocate Anthony Pompliano suggested Musk to buy billions in Bitcoin as a symbolic protest against fiscal irresponsibility.
“The biggest middle finger Elon Musk could give to the establishment politicians hell bent on wasting taxpayer money would be to publicly buy billions of dollars of Bitcoin.” Pompliano said.
Besides Pompliano, a number of other crypto advocates have also put Bitcoin as a solution to such fiscal challenges. MDBitcoin, a Bitcoin maxi and educational handle, called Musk’s potential Bitcoin purchase a “sovereign individual’s declaration” against a debt-ridden monetary system.
Musk, whose past $1.5 billion Bitcoin investment with Tesla in 2021 sent shockwaves through markets, has yet to respond to this latest Bitcoin push, but the idea continues to gain traction amid growing concerns over the U.S. fiscal trajectory.
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