'America would be toast': Elon Musk warns of bankruptcy and rising interest rates due to $36 trillion debt
Elon Musk warns that the US is on the brink of financial collapse due to its $36.14 trillion debt, with interest payments consuming 23% of federal revenue. He suggests a 30% cut in federal spending, though experts call this nearly impossible without severe impacts. Treasury Secretary Janet Yellen urges prompt action.
Elon Musk warns that the US is on the brink of financial collapse due to its $36.14 trillion debt, with interest payments consuming 23% of federal revenue. He suggests a 30% cut in federal spending, though experts call this nearly impossible without severe impacts. Treasury Secretary Janet Yellen urges prompt action. What's Your Reaction?
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