Elon Musk has once again raised concerns about the financial stability of the United States, warning that the country is heading toward effective bankruptcy if its mounting national debt isn’t brought under control. With the U.S. debt nearing $37 trillion, Musk cautioned that a growing share of tax revenue is being consumed by interest payments alone, leaving little to no funds for essential government functions. He pointed out that nearly 25% of all tax income is now used just to pay interest on this debt. Musk also criticized former President Donald Trump’s proposed $4 trillion spending bill, calling it a “disgusting abomination” that could worsen the deficit by around $2.5 trillion. He warned that such reckless spending threatens to undermine critical programs like Social Security, healthcare, and national defense.
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