• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by June 7, 2025
written by June 7, 2025
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 comment
0
FacebookTwitterPinterestEmail

previous post
‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party
next post
Deadly drone wars are already here and the US is horribly unprepared

related articles

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026

Dem Senate primary erupts in key state as...

April 7, 2026

Trump-backed candidate aims to pad GOP’s fragile House...

April 7, 2026

Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges...

April 7, 2026

White House unleashes on Stacey Abrams in latest...

April 7, 2026

Former Virginia Gov Glenn Youngkin hints at political...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • FDA chief counsel who defended abortion pill under Biden resigns 2 days into job

    March 13, 2025
  • Hamas names Yahya Sinwar, mastermind of Oct 7 attacks, as its new leader after Haniyeh assassination

    August 7, 2024
  • Huckabee, Witkoff slated for high-stakes Gaza visit to address ‘dire’ starvation crisis

    July 31, 2025
  • Cotton calls on IRS to pull Muslim advocacy group’s nonprofit status

    August 5, 2025
  • Shutdown fears move House Republicans to protect military paychecks

    September 19, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (1,782)
  • Stock (1,017)

Latest Posts

  • Congress weighs new funding for Trump’s Iran strikes as war costs rise and Democrats cry foul

    March 9, 2026
  • Southwest Airlines will charge to check bags for the first time, launch basic economy tickets

    March 11, 2025
  • Iranian vessel suffers engine failure, offloads crew days after US submarine sank other ship

    March 6, 2026

Recent Posts

  • Wisconsin Supreme Court decides abortion case that prompted most expensive judicial election in US history

    July 2, 2025
  • US probes China’s growing influence in legacy chips

    December 17, 2024
  • Apple has survived Trump’s tariffs so far. It might raise iPhone prices anyway.

    September 4, 2025

Editor’s Pick

  • Sodexo shares plunge 13% after earnings miss, guidance cut

    April 10, 2026
  • Senate to debate Trump’s $9B clawback bill after dramatic late-night votes

    July 16, 2025
  • Paramount mandates 5-day-a-week return to office ahead of major cost cuts

    September 5, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock