Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

by June 7, 2025
June 7, 2025
FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would
NEWYou can now listen to Fox News articles!

Elon Musk’s fiery feud with President Donald Trump spilled onto the top Republicans in Congress, where the tech billionaire questioned if their zeal to cut spending had disappeared. 

Musk launched into a social media assault this week against Trump’s ‘big, beautiful bill,’ and accused Republicans of crafting a ‘disgusting abomination’ full of wasteful spending. 

What started as a rant against the bill turned into pointed attacks against Trump, Senate Majority Leader John Thune, R-S.D., and House Speaker Mike Johnson, R-La. 

The tech billionaire and former head of Trump’s Department of Government Efficiency (DOGE) lamented the bill as not cutting deep enough into Washington’s spending addiction. The House GOP’s offering, which is now being modified in the Senate, set a goal of $1.5 trillion in spending cuts. 

Musk set a benchmark of finding $2 trillion in waste, fraud and abuse to slash with his DOGE initiative, but fell far short, hitting only $160 billion in his four-month stint as a special government employee. 

Still, he came with receipts, questioning whether Trump, Thune and Johnson were actually committed to making deep cuts. 

Below are moments from the campaign trail and recent months compiled by Fox News Digital where the trio affirmed their commitment to putting a dent in the nation’s nearly $37 trillion debt. 

Trump on the trail in 2024: ‘We will stop wasteful spending’

A common theme for Trump during his 2024 presidential campaign was to go after the Biden administration, and his opponent, former Vice President Kamala Harris, for ‘throwing billions of dollars out the window.’ 

The then-presidential candidate vowed that should he win a second term, his incoming administration would halt wasteful spending. 

‘We will stop wasteful spending and big government special interest giveaways, and finally stand up for the American taxpayer, which hasn’t happened since I was president,’ he said. ‘We stood up. Our current massive deficits will be reduced to practically nothing. Our country will be powered by growth. Our country, will be powered by growth, will pay off our debt, will have all this income coming in.’

Thune renews promise to cut spending with Trump’s ‘big, beautiful bill’: ‘It does everything we set out to do’

Thune has agreed with his colleagues in the House GOP that the tax cut package needs to achieve steep savings, and believes that the Senate GOP could take those cuts a step further. After the bill advanced from the House last month, the top Senate Republican re-upped his vow to slash federal funding. 

‘It does everything that we set out to do. It modernizes our military, secures our border, extends tax relief and makes permanent tax relief that will lead to economic growth and better jobs in this country, and makes America energy dominant, coupled with the biggest spending reduction in American history,’ he said. ‘So those are our agenda items, and that’s what we campaigned on. That’s what we’re going to do.’

Johnson after the House’s passage of the budget plan: ‘What you’re going to see is a continuing theme of us identifying waste, fraud and abuse in government’

Johnson had to strike a balancing act in the House to cobble together enough support behind the legislation, and struck deals and satisfied concerned lawmakers across the spectrum of the House GOP while still setting a goal of $1.5 trillion in spending cuts. Rooting out waste, fraud and abuse has been a continued mantra of the speaker and his allies. 

‘I said this is the beginning of a process, and what you’re going to see is a continuing theme of us identifying waste, fraud and abuse in government, which is our pledge of common sense, restoring common sense and fiscal sanity,’ Johnson said.  

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party
next post
An electric scooter is blamed for a violent fire that killed 4 in a French city

You may also like

‘Corruptly influencing the courts’: Climate justice group that...

August 15, 2024

Faye Hall, American detained by Taliban, has been...

March 29, 2025

4 Trump rivals that Biden didn’t pardon

January 21, 2025

Ukraine unveils 600-mile cruise missile that can reach...

March 17, 2025

Rubio makes progress with Russia after Trump promised...

February 18, 2025

Obama to headline 2nd night of Democratic National...

August 20, 2024

Federal appeals court sides with Trump on firing...

March 6, 2025

‘This is no drill’: China’s dominance over US...

March 13, 2025

Don’t expect any US-Russia rapprochement on Trump’s Watch

December 12, 2024

On Reagan’s birthday, how he and Trump helped...

February 6, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Supreme Court says Trump can proceed with firing Democrat-appointed CPSC members

      July 23, 2025
    • New Russiagate evidence ‘directly’ points to Obama, DOJ will decide ‘criminal implications’: Gabbard

      July 23, 2025
    • Johnson erupts over ‘dangerous’ Biden mental decline ‘cover-up,’ while Democrats push Epstein disclosure

      July 23, 2025
    • Businesses are cautiously spending on corporate travel as trade uncertainty looms

      July 23, 2025
    • Lawsuit says Clorox hackers got passwords simply by asking

      July 23, 2025
    • Johnson erupts over ‘dangerous’ Biden ‘cover-up’ as Democrats push Epstein disclosure

      July 23, 2025

    Categories

    • Business (726)
    • Investing (661)
    • Politics (5,040)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved