Elon Musk Launches 'America Party' Amidst Criticism of $2.4 Trillion Spending Bill

Elon Musk has announced his intention to form a new political entity, the "America Party," signaling a direct escalation of his long-standing campaign against what he describes as out-of-control government spending and the burgeoning national debt. This move comes as a direct consequence of his strong opposition to a recently passed federal spending bill, which he has publicly denounced.

Musk's recent strong condemnation targets the "One Big Beautiful Bill," a legislative priority of the Trump administration, which he asserts will add an estimated $2.4 trillion to the national debt over the next decade. He publicly stated on X, > "This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination." This criticism marks a significant divergence from his previous alignment with the administration, where he served as head of the Department of Government Efficiency (DOGE).

The tech billionaire's current actions, including the new political party, are consistent with his earlier warnings that the U.S. risks "de facto bankruptcy" if unchecked spending continues. As "DogeDesigner" noted in a recent tweet, > "Elon Musk hasn’t changed. Last year, he was fighting to stop out-of-control spending and save America from bankruptcy. Today, he’s still on the same mission. Same goal. Same fight. Others changed, he didn’t." His previous role within DOGE aimed to identify and cut wasteful federal spending, seeking to save trillions.

Musk has frequently highlighted alarming financial metrics, such as the U.S. national debt surpassing $36 trillion, with approximately 25% of all government revenue now dedicated solely to interest payments. He has warned that without significant changes, "there will only be money for interest payments and nothing else! No Social Security, no medical, no defense… nothing." These concerns are echoed by other prominent financial figures, including Jerome Powell, Warren Buffett, Jamie Dimon, and Ray Dalio.

The announcement of the "America Party" underscores Musk's determination to directly influence the political landscape, potentially supporting candidates in future elections who align with his fiscal principles. While the formal establishment of the party is still in its early stages, with initial filings in federal databases showing unverified entities, this development highlights the tech mogul's deepening commitment to addressing the nation's financial trajectory, even leading to a public split from the Trump administration on this key issue.