Elon Musk Warns U.S. Approaching Bankruptcy as National Debt Soars
Friday, 13 September 2024 In a recent statement, Elon Musk has raised concerns over the U.S. economy, warning that the country is on a fast track to bankruptcy. With the national debt surpassing $34.94 trillion, the burden of interest payments has become overwhelming. In 2024, interest payments on the debt are expected to exceed $1.14 trillion, consuming a staggering 76% of income tax revenue. Elon Musk has issued a stark warning regarding the U.S. economy, suggesting that the nation is hurtling toward bankruptcy due to its growing national debt. Musk, in multiple statements, has highlighted the alarming pace at which America’s financial situation is deteriorating. The U.S. national debt recently crossed $34.94 trillion, and […]
Elon Musk Warns U.S. Approaching Bankruptcy as National Debt Soars
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Elon Musk has warned that the United States is rapidly approaching bankruptcy with a national debt over $35 trillion. Speaking at the All-In Summit 2024, he... IndiaTimes
Friday, 13 September 2024
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