Elon Musk: America Is Going Bankrupt Extremely Quickly

Elon Musk: America is going bankrupt extremely quickly but everyone seems to be whistling past the graveyard.

“The Defense Department budget is a very big budget. It's a trillion dollars a year. And interest payments on the national debt just exceeded the Defense Department budget. They're over a trillion dollars a year, just in interest and rising.

We're adding a trillion dollars to our debt, which our kids and grandkids are going to have to pay somehow, every three months, and then soon it's going to be every two months and then every month.

And then, the only thing we'll be able to pay is interests. And it's just like a person at scale that has racked up too much credit card debt. This does not have a good ending. We have to reduce the spending.”

September 9, 2024