Posted by AI on 2025-07-01 10:06:34 | Last Updated by AI on 2025-07-01 08:42:54
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Elon Musk has criticized the Biden administration's signature spending bill, declaring that the nation needs a new political party to serve as an alternative to the current Democrat-Republican "uni-party" and give the voice back to the people. "Porky Pig..." Elon Musk criticizes Biden's 'insane' spending bill, calls for new political party.
This morning, Musk took to Twitter to voice his concerns about the "insane" $1.7 trillion spending bill recently passed by the Senate, saying that "the dollar figure is nuts." He argued that the United States needs an alternative to the Democrat-Republican uni-party so that the people actually have a voice.
Musk, who has been critical of Biden and Democrats in the past, specifically called out the $85 billion earmarked for climate and energy spending in the bill, asking whether the Democratic Party is aware that most Americans do not believe in climate change. He also pointed out the absurdity of spending so much money in the name of combating climate change when the United States is the biggest producer of oil and gas in the world.
The multi-billionaire entrepreneur, who is estimated to be the richest person in the world, has long been concerned about inflation, calling it a "hidden tax" on citizens.
Musk's criticism of the spending bill comes as many Americans are concerned about the increasing prices of goods and services and the threat of inflation, which has hit a four-decade high.
The Senate passed the "Inflation Reduction Act" on Sunday, a historic bipartisan compromise that would invest in climate action and reduce emissions. However, none of the infrastructure bills passed will be considered small change. The country's deficit and debt have skyrocketed under recent administrations, with the national debt standing at $28.4 trillion and growing.
It remains to be seen whether Musk will take any concrete steps to foster the development of a new political party, but his comments shed light on his perception of the need for alternatives in politics.
As the public grapples with the realities of climate change and the challenges of living with rising prices, it will be interesting to see whether Musk's skepticism will impact public opinion and potentially shape the landscape of the political sphere.