Former Georgia Representative Marjorie Taylor Greene criticized the American two-party political system, arguing it is designed to divide the majority of the population to serve elite interests. Greene stated that the system functions to ensure 99% of Americans view each other as enemies rather than uniting against the "real enemy," which she identified as the elites. She made these remarks late Wednesday on X, formerly known as Twitter.

Greene asserted that this political structure has "enslaved" Americans in a $40 trillion debt. She further predicted that Social Security and Medicare will face bankruptcy by 2032. Additionally, she argued that the current system is actively "ruining" the value of the dollar.

Context of Political Shifts

Greene's comments coincide with increased discussions regarding the formation of third political parties. Tucker Carlson, a media personality, recently stated his intention to do everything possible to create a "new political party," describing the United States as a "one-party state." Carlson announced last month that he had exited the Republican Party after 35 years, citing disagreements with foreign policy decisions regarding Iran and Israel.

Historical Precedents and Obstacles

The concept of a third party has previously been explored by prominent figures. Last year, entrepreneur Elon Musk teased plans for an "America Party" but ultimately shelved the idea to maintain ties with the Republican movement. In 1999, Donald Trump, then a businessman, expressed frustration with both major parties in an interview with CNN's Larry King, stating that Democrats were "too far left" and Republicans were "too far right."

Election experts note that establishing a third party in the U.S. involves significant legal and logistical challenges. The process requires navigating a complex web of state laws and stringent ballot access regulations, which vary widely and can be difficult to overcome.

Coinbase Global Inc. CEO Brian Armstrong stated that the U.S. constitutional framework lacks built-in fiscal constraints, a gap he argues has contributed to surging federal debt now exceeding $39 trillion. In a post on X on Wednesday, Armstrong warned that the absence of specific spending limits and a requirement for hard-backed currency causes democracies to drift toward excessive debt and an eventual loss of reserve currency status. He cited Ray Dalio’s work, The Changing World Order, to support his view that the current structure incentivizes political spending that burdens future generations.

Structural Deficits and Rising Costs

Armstrong highlighted that U.S. debt has reached roughly $39 trillion and is increasing by about $1 trillion every 100 days. He noted that interest costs on this debt have climbed above defense spending. He described the political incentive structure as broken, arguing that politicians are elected by offering benefits funded by others, creating an imbalance where current voters receive benefits while the negative impact falls to future generations who cannot vote yet.

Divergent Views on Leverage

The comments on U.S. fiscal health arrive amid differing public assessments. Earlier, President Donald Trump defended the rising national debt, comparing it to real estate leverage and arguing that the nation remains strong despite nearly $40 trillion in obligations. Trump suggested that America’s total asset value renders it "under-levered" and indicated potential support for government equity stakes in companies.

Warnings on Financial System Strain

Bridgewater Associates founder Ray Dalio has warned that rising global debt and higher borrowing costs are straining the financial system. Dalio compared excessive debt to "plaque" in an economic circulatory system, stating that it slows growth when debt rises faster than income and debt servicing begins to squeeze out spending. These perspectives highlight the ongoing debate regarding the sustainability of current fiscal policies and the long-term economic impact of escalating debt levels.