The United States is on a fast track to becoming a bankrupt country, Tesla CEO Elon Musk warned as the national debt continues to accelerate after hitting a record $35 trillion.
The US gross national debt surpassed $35 trillion for the first time in July, according to data released by the Treasury Department, and currently stands at $35.35 trillion.
Speaking at the All-In Podcast’s All-In Summit 2024 event on Monday, Musk said that if former President Donald Trump wins the November presidential election, there could be an opportunity for deregulation and a reduction in the size of government, Fox Business reported.
“If Trump wins – and obviously, I suspect there are people with mixed feelings about whether that should happen – we do have an opportunity for a once-in-a-lifetime deregulation and reduction in the size of government,” Musk said. “Besides the regulations, America is also going bankrupt extremely quickly, and everyone…
The US gross national debt surpassed $35 trillion for the first time in July, according to data released by the Treasury Department, and currently stands at $35.35 trillion.
Speaking at the All-In Podcast’s All-In Summit 2024 event on Monday, Musk said that if former President Donald Trump wins the November presidential election, there could be an opportunity for deregulation and a reduction in the size of government, Fox Business reported.
“If Trump wins – and obviously, I suspect there are people with mixed feelings about whether that should happen – we do have an opportunity for a once-in-a-lifetime deregulation and reduction in the size of government,” Musk said. “Besides the regulations, America is also going bankrupt extremely quickly, and everyone…
