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Billionaire Elon Musk is worried the US will go 'bankrupt' for this reason

  • Billionaire Elon Musk voiced concern over the United States potentially facing bankruptcy due to excessive overspending, particularly on interest payments for the national debt.
  • "Overspending must stop or America will go bankrupt," he wrote early on March 13. Musk was responding to a post by X user @WallStreetSilv who warned that over time 100 percent of US taxpayer monies would be used to pay interest on national debt.
  • With projections indicating that a significant portion of taxpayer money could soon be consumed by debt servicing, Musk emphasized the urgent need to curtail spending. 

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