Elon Musk said that he changed his attitude towards US President Donald Trump because of the Republican policy, which leads to an increase in the country's budget deficit. He wrote about this in his social network X.
"The increase in the deficit from the insane figure of $2 trillion achieved under (former US President Joe) Biden to $2.5 trillion. This will lead the country to bankruptcy," Musk said.
So the entrepreneur answered the question of a user who asked why Musk radically changed his attitude towards Trump.
Musk is the richest man in the world (Forbes estimates his fortune at $ 405.2 billion) and one of the main sponsors of the campaign of the current US President Donald Trump. The businessman and the politician became close during the election race, Musk briefly worked in the US administration as curator of the Department for Improving the Efficiency of the Federal Government (DOGE). The purpose of the department is to reduce government spending and restructure federal agencies.
Musk promised that under his leadership DOGE will be able to reduce US budget spending by $ 2 trillion. Subsequently, he reduced the target by half, but in 130 days of work, the department was able to save the treasury only 17.5% of the declared amount — $ 175 billion.
In early summer, shortly after the entrepreneur left the White House, he quarreled with the head of state because of the "Big and Beautiful Bill" (Big Beautiful Bill, BBB), in which the key election promises of the Republican are realized. The document provides for the extension of tax breaks and other tax incentives, as well as an increase in the US debt ceiling by $ 5 trillion.
Musk predicted "huge strategic harm" to the United States because of the bill. In his opinion, the document will destroy millions of jobs in America and put the country "on the path of debt slavery." He "gives handouts to the industries of the past, while causing serious damage to the industries of the future," the businessman believes.
In response to the adoption of the bill (Trump signed it on the night of July 5) Musk created his own political party — "America". The entrepreneur called its main goal to ensure the "will of the people" through the passage to congress and the occupation of several seats there. The party will have to provide decisive votes on controversial laws, Musk explained.