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.