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BlockNews
Home OPINION

Musk Torches Trump’s $5T Budget Bill, Floats New Party to Fight “Insane” Spending

Michael Juanico by Michael Juanico
June 30, 2025
in OPINION, POLITICS
Reading Time: 3 mins read
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  • lon Musk slammed Trump’s $5T budget bill, calling it “insane” and hinting the U.S. is now a “one-party country.”
  • The feud escalated with Musk accusing Trump of hiding Epstein-related records—before deleting the tweet.
  • Musk is reviving calls for a new political party to represent the “middle 80%” of Americans.

Elon Musk just lit another fire under Washington—and this time, he’s aiming directly at Donald Trump. On Monday, Musk unleashed a sharp rebuke of Trump’s latest budget bill, mocking the former president’s “Big, Beautiful” branding and blasting the legislation’s $5 trillion debt ceiling hike as flat-out “insane.”

JUST IN: 🇺🇸 Elon Musk calls for the creation of a new political party that “actually cares about the people” pic.twitter.com/gZcIkuOFP7

— BlockNews (@blocknewsdotcom) June 30, 2025

“It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!” Musk posted on X (formerly Twitter), before throwing down the gauntlet:

“Time for a new political party that actually cares about the people.”

From Ally to Adversary—Fast

The Tesla and SpaceX boss hasn’t exactly been shy about his disdain for the bill, but this latest round of criticism took things to a whole new level. It’s a remarkable shift from just a year ago, when Musk reportedly helped bankroll Trump’s re-election campaign with more than $250 million in donations.

Things went downhill quickly after the bill was introduced. Just days ago, Musk fired off another X post warning that the legislation would “destroy millions of jobs” and “cause immense strategic harm.” He left his government advisory role with the DOGE (Department of Government Efficiency) earlier this month, citing irreconcilable policy differences. His main gripe? The bill gives bailouts to outdated industries while undercutting future-focused sectors—like EVs, which took a hit from reduced tax credits.

The Epstein Tweet Heard ’Round the Internet

The feud got personal. Musk—never one to back down—went so far as to accuse the Trump administration of hiding the infamous “Epstein files,” implying Trump had ties to the late financier. The tweet went viral… and then disappeared. Musk deleted it after heavy backlash but not before the damage was done.

Shortly afterward, Musk posted a more conciliatory message. Still, he didn’t back off his idea of creating a third party. “Is it time to create a new political party in America that actually represents the 80% in the middle?” he asked his followers in a poll. No surprise—it caught fire.

It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!

Time for a new political party that actually cares about the people.

— Elon Musk (@elonmusk) June 30, 2025

A Political Shakeup in the Making?

So what now? Musk seems more serious than ever about shaking up the political status quo. Whether a new party materializes or not, one thing’s clear: he’s drawing a bold line between himself and the administration he once supported.

With tensions running hot and 2026 already casting its political shadow, don’t count Musk out of the spotlight—or the fight.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Donald TrumpElon MuskEpstein FilesSpaceXtesla
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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