StmarysCity79
Well-Known Member
“It frankly… increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” Musk told CBS. Referring to the Department of Government Efficiency (DOGE), a Trump-era initiative focused on reducing federal spending, Musk made it clear he believes the bill goes against its founding principles.
However, much of that reduction would come from cuts to public programs like Medicaid and SNAP, raising concerns among social policy advocates and sparking debate on Capitol Hill.
Critics argue that while the bill claims to reduce spending, it effectively shifts financial burdens onto low-income Americans by slashing essential safety nets. Supporters, including many in the Republican-controlled House, say the legislation is necessary to rein in government overreach and reassert fiscal discipline.
Still, Musk’s concerns about its actual impact on the deficit echo broader skepticism about the bill’s math. Despite DOGE’s efforts to cut costs across federal agencies, the potential net effect of this legislation may increase the deficit rather than reduce it, according to Musk.
However, much of that reduction would come from cuts to public programs like Medicaid and SNAP, raising concerns among social policy advocates and sparking debate on Capitol Hill.
Critics argue that while the bill claims to reduce spending, it effectively shifts financial burdens onto low-income Americans by slashing essential safety nets. Supporters, including many in the Republican-controlled House, say the legislation is necessary to rein in government overreach and reassert fiscal discipline.
Still, Musk’s concerns about its actual impact on the deficit echo broader skepticism about the bill’s math. Despite DOGE’s efforts to cut costs across federal agencies, the potential net effect of this legislation may increase the deficit rather than reduce it, according to Musk.