WEBVTT - Are Musk and Trump fighting?

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<v Speaker 1>Already and this is the Daily This is the Daily OS. Oh,

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<v Speaker 1>now it makes sense. Good morning, and welcome to the

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<v Speaker 1>Daily OS. It's Thursday, the fifth of June. I'm Billy Fitzsimon.

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<v Speaker 2>I'm Emma Gillespie.

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<v Speaker 1>You may have seen that Elon Musk has criticized a

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<v Speaker 1>bill brought forward by US President Donald Trump. To be specific,

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<v Speaker 1>must call Trump's bill a disgusting abomination. It comes just

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<v Speaker 1>days after Musk finished up at the White House as

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<v Speaker 1>the head of the Department of Government Efficiency, also known

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<v Speaker 1>as DOGE. It's left us with one question. A Trump

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<v Speaker 1>and Musk, a duo whose close relationship have been at

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<v Speaker 1>the center of political power this year in the US

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<v Speaker 1>now fighting and if so, what's it all about? Well,

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<v Speaker 1>explain what you need to know in today's podcast, Billy.

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<v Speaker 2>This is not the turn in the el mask Donald

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<v Speaker 2>Trump friendship, bromance, whatever you want to call it, that

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<v Speaker 2>I saw coming. But some very strong language this week.

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<v Speaker 2>Let's take a step back. Why was Elon Musk ever

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<v Speaker 2>in the White House? To begin with?

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<v Speaker 1>Yeah, So, if you're not familiar with Elon Musk, although

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<v Speaker 1>I'm sure many of our listeners are, he is one

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<v Speaker 1>of the richest people in the world. He is the banks.

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<v Speaker 2>The richest man in the world.

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<v Speaker 1>He is the owner of x, the social media platform

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<v Speaker 1>formerly known as Twitter. He is also the CEO of

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<v Speaker 1>Tesla and has a whole suite of very very successful companies. Now,

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<v Speaker 1>it was big news when he did become part of

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<v Speaker 1>the White House under Donald Trump, because I think it

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<v Speaker 1>is quite unusual for someone who is so successful in

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<v Speaker 1>the private sector to then make this move into the

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<v Speaker 1>public sector. Yeah, although I guess it does kind of

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<v Speaker 1>mimic Donald Trump himself.

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<v Speaker 2>True.

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<v Speaker 1>Yeah. And so Mask became part of the White House

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<v Speaker 1>because he was appointed as the leader of the Department

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<v Speaker 1>of Government Efficiency, which, as I said before, is more

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<v Speaker 1>commonly known as DOGE. And now that was, or is,

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<v Speaker 1>I should say, a government agency established when Trump was

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<v Speaker 1>sworn in as president earlier this year. So it was

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<v Speaker 1>an entirely new agency. It had never been created before. Now,

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<v Speaker 1>its goal was very simple. Its goal was to reduce

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<v Speaker 1>what it labeled as wasteful spending by the US government,

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<v Speaker 1>and it did have certain targets, although like any good

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<v Speaker 1>target it changed over time. So at the start, I

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<v Speaker 1>think it was around the two trillion marks. So it

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<v Speaker 1>wanted to reduce spending by the US government buy up

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<v Speaker 1>to two trillion dollars.

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<v Speaker 2>And you might remember in the very very early days

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<v Speaker 2>of the Trump administration some quite sweeping threats or comments

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<v Speaker 2>about cuts to public sector government jobs on the line.

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<v Speaker 2>There were some pretty significant announcements in those early days.

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<v Speaker 1>Yes, and then the target changed and it was reduced

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<v Speaker 1>to one trillion dollars. The goal was to reduce spending

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<v Speaker 1>by one trillion dollars. Now just less than six months

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<v Speaker 1>in to DOGE, it hasn't achieved that, although we are

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<v Speaker 1>just six months in and it is set to continue.

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<v Speaker 2>I mean a trillion dollars in US or Australian. Yeah,

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<v Speaker 2>it's a lot of money. It's more than my small

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<v Speaker 2>brain can even comprehend.

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<v Speaker 1>Now. Last week Elon Musk said that DOGE had found

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<v Speaker 1>one hundred and fifty billion dollars in savings for the

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<v Speaker 1>next financial year, which is of course significantly less than

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<v Speaker 1>the one trillion dollars that he was planning to save,

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<v Speaker 1>but one hundred and fifty billion dollars still no small

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<v Speaker 1>amount of money.

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<v Speaker 2>I think it's also important to flag that in his

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<v Speaker 2>capacity as this advisor to DOGE, Elon Musk wasn't necessarily

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<v Speaker 2>an elected official. He was brought on in this advisory capacity,

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<v Speaker 2>which is why he's no longer in the job. It

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<v Speaker 2>was kind of always going to be this temporary role.

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<v Speaker 2>Come in, cleaning up, so to speak, and get out

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<v Speaker 2>and go and live.

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<v Speaker 1>Your life, exactly. And I think that's what's important here

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<v Speaker 1>is that Elon Musk is no longer part of DOGE,

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<v Speaker 1>although DOGE will continue after he has now left, But

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<v Speaker 1>it was always planned that his involvement in this would

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<v Speaker 1>only ever be temporary. And that's because he was serving

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<v Speaker 1>as something called a special government employee, and that is

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<v Speaker 1>just a specific category of temporary contractor who can only

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<v Speaker 1>work for the federal government for one hundred and thirty

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<v Speaker 1>days each year. So that's a very specific thing in

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<v Speaker 1>US law and.

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<v Speaker 2>Ties into democracy elected officials being the key decision makers exactly.

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<v Speaker 1>And he was also unpaid, so he didn't receive any

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<v Speaker 1>money in that role. And so all of that meant

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<v Speaker 1>that his last day was last Friday, and on his

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<v Speaker 1>last day, Trump and Mask held a press conference. It

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<v Speaker 1>was mostly civil, it was nothing out of the ordinary

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<v Speaker 1>for the two. They both complimented each other and Musk

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<v Speaker 1>said that he looks forward to quote continuing to be

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<v Speaker 1>a friend and advisor to the president. So as of

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<v Speaker 1>last Friday, all mostly looked good.

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<v Speaker 2>I will say it was very civil on the surface,

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<v Speaker 2>but it was a far cry from Elon Musk waving

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<v Speaker 2>a chainsaw on stage, which you might remember back in February,

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<v Speaker 2>he brought this chainsaw on stage as a kind of

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<v Speaker 2>symbol of how he was going to slash spending in

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<v Speaker 2>this role, and it was all very exciting, shiny concert

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<v Speaker 2>like rockstar like energy around this political relationship. So it

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<v Speaker 2>has been a few days since that final conference, that

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<v Speaker 2>departure of Elon Musk from that role. But now he's

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<v Speaker 2>come out swinging. He's been very critical of Trump. What

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<v Speaker 2>has Elon Musk said?

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<v Speaker 1>Yeah, so yesterday we woke to the news that Musk

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<v Speaker 1>has very heavily criticized one of Trump's proposed laws, which

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<v Speaker 1>is called the Big Beautiful Bill. So in a po

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<v Speaker 1>x yesterday, Musk said, this massive, outrageous Porkfield Congressional spending

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<v Speaker 1>bill is a disgusting abomination. Shame on those who voted

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<v Speaker 1>for it. You know you did wrong, you know it.

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<v Speaker 1>I will say, it's actually not the first time that

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<v Speaker 1>Musk has criticized this big beautiful bill. He also did

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<v Speaker 1>that last week, right before his final day, but this

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<v Speaker 1>is definitely his strongest criticism of it yet, at least publicly,

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<v Speaker 1>we don't know what has happened behind closed doors. I

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<v Speaker 1>would also point out, though, that Mask has stopped short

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<v Speaker 1>of naming Trump specifically, So he's criticizing this bill, but

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<v Speaker 1>he hasn't said Trump by name, although we of course

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<v Speaker 1>know that Trump is the one behind this bill.

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<v Speaker 2>We'll be back with more of today's deep dive right

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<v Speaker 2>after this. Yeah, this bill really has been at the

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<v Speaker 2>center of Trump's second term as president. So what is

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<v Speaker 2>the quote unquote big beautiful bill? What do we need

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<v Speaker 2>to know about it? Why does it mean so much

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<v Speaker 2>to Donald Trump?

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<v Speaker 1>So this bill sets out key parts of Trump's domestic

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<v Speaker 1>policy agenda. So it sets out what he wants to

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<v Speaker 1>do within the US specifically, and some of it is

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<v Speaker 1>about cutting spending, but then some of it also increases

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<v Speaker 1>spending by the US government. I'll go through There's so

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<v Speaker 1>much in it, but I'll go through some of what

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<v Speaker 1>it includes. So one is that it extends tax cuts

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<v Speaker 1>that were introduced during Trump's first term. Those tax cuts

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<v Speaker 1>were actually due to expire this year, but under this bill,

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<v Speaker 1>those tax cuts will extend for many more years to come.

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<v Speaker 2>So picking up where Trump left off the last.

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<v Speaker 1>Time exactly, and just to explain it a little bit more,

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<v Speaker 1>that means that the government will be earning less in

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<v Speaker 1>revenue from income tax So we know that government spending

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<v Speaker 1>relies significantly on taxes, and because of this bill, they

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<v Speaker 1>will now have less of that income from taxes. It

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<v Speaker 1>also increases spending or funding at the US Mexico border

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<v Speaker 1>to control or stop illegal immigration. So those two specific

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<v Speaker 1>parts of this bill will increase the deficit. But then

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<v Speaker 1>there are parts of the bill that will then limit spending.

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<v Speaker 1>So one of that is limiting who is eligible for

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<v Speaker 1>something called Medicaid, and that's a program which helps cover

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<v Speaker 1>medical expenses for those on lower incomes. So under this bill,

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<v Speaker 1>Trump is wanting to limit who is eligible for the program,

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<v Speaker 1>which means that the government will be spending less on

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<v Speaker 1>the program. It also wants to bring forward the expiry

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<v Speaker 1>date of some renewable energy initiatives, so it wants to

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<v Speaker 1>spend less money on clean energy. And then it also

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<v Speaker 1>wants to increase the national debt limit by four trillion dollars.

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<v Speaker 2>Here we are with this trillion figure. Again, So just

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<v Speaker 2>to recap, we've got a bill that would cut tax

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<v Speaker 2>revenue for the government but also reduce its spending on

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<v Speaker 2>welfare and renewable energy. What is the national debt limit though?

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<v Speaker 2>What does that really mean?

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<v Speaker 1>So this is something that I feel like, especially in

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<v Speaker 1>the last five years or so, has come up time

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<v Speaker 1>and time again. It is a limit that is set

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<v Speaker 1>by Congress on the amount of money that the federal

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<v Speaker 1>US government can borrow to fund its policies and operations. Right,

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<v Speaker 1>I feel like, for another day we need to explain

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<v Speaker 1>why all countries are in very, very large debts.

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<v Speaker 2>Yep.

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<v Speaker 1>But like I said, I think that is for another day.

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<v Speaker 1>What you need to know is that under this bill,

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<v Speaker 1>Trump wants to increase the national debt limit by four

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<v Speaker 1>trillion dollars.

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<v Speaker 2>So it's kind of like expanding America's credit limit.

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<v Speaker 1>Yes, got it.

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<v Speaker 2>So back to Musk's criticism of this plan, then, is

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<v Speaker 2>he saying Congress are spending too much money with this plan?

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<v Speaker 1>Exactly? That? In a nutshell, that is exactly what he's saying.

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<v Speaker 1>And this is all in the context of the life

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<v Speaker 1>six months where he has tried to cut how much

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<v Speaker 1>the US government is spending, and now he's saying that

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<v Speaker 1>with this bill, the government is basically just undoing what

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<v Speaker 1>he's done because they're just spending more and more by trillions.

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<v Speaker 1>Just to give you more of an idea of what

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<v Speaker 1>he said yesterday, he also said, quote mammoth spending bills

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<v Speaker 1>are bankrupting America, and that has been a word that

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<v Speaker 1>has come up time and time again by Mask. He

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<v Speaker 1>has said that if we do not control the spending,

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<v Speaker 1>America will go bankrupt.

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<v Speaker 2>How has the White House responded to all of these comments.

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<v Speaker 2>He's obviously tabling some significant concerns around spending, very strong language,

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<v Speaker 2>very critical about this plan. What are officials saying to that?

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<v Speaker 1>I will say that this concern about the spending of

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<v Speaker 1>this specific bill isn't necessarily new. So the White House

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<v Speaker 1>Press Secretary back in May responded to concerns about it,

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<v Speaker 1>and she said it does not add to the deficit.

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<v Speaker 1>And she actually claimed that it will say one point

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<v Speaker 1>six trillion dollars, So she's saying it will do the

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<v Speaker 1>opposite of what Musk is saying it will do. In

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<v Speaker 1>terms of Trump himself, he hasn't personally responded to Musk's

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<v Speaker 1>most recent comments, at least at the time of recording. However,

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<v Speaker 1>just hours after Elon Musk sent out this post, White

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<v Speaker 1>House Press Secretary Caroline Leavitt she did hold a press

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<v Speaker 1>briefing where she was obviously asked about it. He's a

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<v Speaker 1>little bit of what she said. The President already knows

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<v Speaker 1>where Elon Musk stood on this bill. It doesn't change

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<v Speaker 1>the president's opinion. This is one big, beautiful bell and

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<v Speaker 1>he's sticking to it.

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<v Speaker 2>So, Billy, what happens now? This bill has passed the

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<v Speaker 2>House of Reps. But it's not a sure thing yet.

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<v Speaker 2>What is in the future for the bill?

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<v Speaker 1>Exactly so, like you said, it has already passed the

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<v Speaker 1>House of Representatives. Now the next step is for it

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<v Speaker 1>to pass the Senate. Now, the Republicans, which is the

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<v Speaker 1>party that Donald Trump leads, they do have a slight

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<v Speaker 1>majority in the Senate, which usually would mean that it

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<v Speaker 1>probably would pass. However, there have been some Republicans who

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<v Speaker 1>have come out criticizing this bill. I think it works

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<v Speaker 1>quite differently to Australia, where in Australia, if a party

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<v Speaker 1>supports a bill, that kind of means that everyone who

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<v Speaker 1>is a member of that party also has to support

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<v Speaker 1>it's going to toe the party line exactly. In the US,

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<v Speaker 1>they don't have that, so there can be Republicans who

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<v Speaker 1>don't support it. And they only have a majority in

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<v Speaker 1>the Senate by something like three members, so they really

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<v Speaker 1>do need most people to support this bill. It probably

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<v Speaker 1>will pass, but there might be some amendments, and then,

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<v Speaker 1>just like all bills, if there are amendments in the Senate,

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<v Speaker 1>it needs to go back to the House of Representatives,

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<v Speaker 1>and then once it gets that, it will then be

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<v Speaker 1>signed into law.

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<v Speaker 2>As with any major policy from this administration. Billy, I'm

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<v Speaker 2>sure this is just the beginning in terms of what

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<v Speaker 2>we're going to hear about this bill, and knowing Trump

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<v Speaker 2>and Musk as we do, I'm sure they won't be

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<v Speaker 2>holding back with their thoughts and feelings about it either.

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<v Speaker 2>So we will keep our listeners updated on that one.

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<v Speaker 2>Thank you so much for explaining it to us. Thank you,

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<v Speaker 2>and thank you for listening to today's episode. If you

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<v Speaker 2>enjoyed it, feel free to share it with a friend.

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<v Speaker 2>Get the word out there. Make sure you are subscribed

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<v Speaker 2>or following wherever you listen to the Daily OHS or

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<v Speaker 2>if you're watching us on YouTube. Hello and thank you.

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<v Speaker 2>We will be back later on today with your evening headlines,

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<v Speaker 2>but until then, have a great day.

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<v Speaker 1>Bye. My name is Lily Madden and I'm a proud

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<v Speaker 1>Arunda Bungelung Caalcutin woman from Gadighl country. The Daily oz

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<v Speaker 1>acknowledges that this podcast is recorded on the lands of

0:13:37.920 --> 0:13:41.240
<v Speaker 1>the Gadighl people and pays respect to all Aboriginal and

0:13:41.280 --> 0:13:44.320
<v Speaker 1>Torres Strait Island and nations. We pay our respects to

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<v Speaker 1>the first peoples of these countries, both past and present.