Elon Musk said that without radical cuts in government spending, the US may be on the brink of actual bankruptcy. In his post on X (formerly Twitter), he emphasized that the country's debt situation resembles an individual borrower who has taken on too much debt.
„Unless there are radical cuts in government spending, then like an over-indebted man, America will effectively go bankrupt," Musk wrote.
He also noted that interest on the national debt is quickly beginning to eat up all tax revenue, leaving no funds to meet the country's critical needs.