He highlighted the growing national debt, responding to a staggering $204 billion increase in just one day. Musk noted that interest payments on federal debt have surpassed the defense budget, adding urgency to his concerns. He argued that unchecked spending is fueling inflation and putting the country on an unsustainable path.
Elon Musk Sounds Alarm Over US Debt and Bankruptcy
Tesla and SpaceX CEO Elon Musk has repeatedly voiced his concerns about US government spending and the national debt on social media, repeatedly stressing that America is on the brink of bankruptcy. On several occasions, including Thursday, Musk responded to an article on Wall Street Silver’s X that highlighted a record $204 billion increase in the US national debt on the first day of the fiscal year. “The US is on the road to bankruptcy,” the Tesla billionaire stressed.
Elon Musk has repeatedly warned about excessive government spending, recently noting that “interest payments on the federal debt now exceed the entire budget of the Department of Defense.” He has repeatedly expressed concern over the past few months, often responding to social media posts on X about the US national debt situation. On September 5, Musk warned that government spending is “taking America to the brink of bankruptcy.”
In an earlier post on August 30, Musk stressed that the current pace of government spending is fueling inflation and putting the country on “the fast track to bankruptcy.” His comments have often reflected broader concerns about the unsustainability of public debt, such as in a July response when he noted that if debt continues to grow rapidly, it will “practically lead to bankruptcy.” In response to growing concerns about the state of the US economy, Musk has proposed the creation of a “government efficiency commission” to reduce wasteful spending. Former President Donald Trump has supported the idea, and Musk has volunteered to lead the commission if Trump wins the November election.
