Elon Musk Warns Trump Will Bankrupt America:Elon Musk has sparked a major political debate after slamming President Trump’s “Big Beautiful Bill,” warning it will push the U.S. toward economic collapse with national debt projected to hit $55 trillion by 2035. In response, Musk proposed launching a new political movement—the “America Party”—aimed at breaking the dominance of the traditional two-party system. Backed by strong public support, Musk’s bold plan includes targeting key Senate and House seats to sway legislation. As tensions rise between the tech billionaire and the Trump administration, the clash is quickly becoming a defining moment in America’s political and economic future.
Elon Musk Warns Trump Will Bankrupt America, Proposes New ‘America Party’ to Challenge Two-Party Rule
In a dramatic escalation of tensions between tech billionaire Elon Musk and U.S. President Donald Trump, Musk has publicly floated the idea of launching a new political party, possibly named “The America Party.” The proposal came in response to growing political friction, especially following the recent passage of Trump’s controversial new legislation dubbed the “Big Beautiful Bill.”
President Trump’s bill, which was recently signed into law, has drawn criticism from economists, analysts, and now one of America’s most influential entrepreneurs. Elon Musk has emerged as one of its loudest critics. He warned that the legislation will exacerbate the already alarming national debt. According to Musk, “Increasing the deficit from an already insane $2 trillion under Biden to $2.5 trillion… This will bankrupt the country. Donald Trump will bankrupt America.”
Current U.S. debt stands at approximately $36 trillion. Under projections and recent policy trends, that figure could soar to $55 trillion by 2035. Musk emphasized that this trajectory is unsustainable and poses a severe threat to America’s economic health. His public criticism comes at a time when fiscal hawks are already on edge about the country’s debt-to-GDP ratio, which JPMorgan analysts also flagged as a growing concern just yesterday.
Tensions boiled over further after Trump, responding to Musk’s opposition, issued a warning. The president stated that if the U.S. government rolls back electric vehicle mandates or EV-related subsidies, Musk’s business empire—particularly Tesla—could be in jeopardy. In a particularly pointed remark, Trump said Musk “would need to close shop and go back to South Africa.” The comment is a nod to Musk’s South African roots and was widely interpreted as a sharp personal jab.
Despite the mounting tension, Musk took to X (formerly Twitter) on Independence Day to directly engage with the American public. He posed a provocative question: “Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! Should we create the America Party?”
The response was overwhelming. A poll Musk shared on the platform showed that 65% of respondents supported the formation of a new party. Musk then laid out a preliminary strategy for what such a party could aim for electorally: targeting just 2 or 3 Senate seats and 8 to 10 House districts. According to him, such a focused approach could “serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people.”
When asked which party this new formation would caucus with, Musk replied, “Legislative discussions would be had with both parties. Caucus independently.” This suggests a model similar to that of independent or swing votes that hold significant power in legislative gridlocks, allowing them to tilt decisions in favor of the policies they endorse.
Musk’s political vision is not just a hypothetical anymore—it’s becoming a potential third force in American politics. Whether or not “The America Party” materializes, it’s evident that the billionaire entrepreneur is positioning himself not just as a business leader but as a political influencer in the national conversation.
As the battle over fiscal policy intensifies and the next election season looms, all eyes are now on whether Musk will truly follow through with his plan—or if this is just the beginning of a much bigger political saga that could reshape America’s political map.
Disclaimer: The views and opinions expressed in this article are based on publicly available statements, social media interactions, and political events. They do not constitute financial or political advice. Readers are encouraged to follow official government sources and verified platforms for policy updates.