Musk has declared the fast-approaching bankruptcy of the United States

TheUS is rapidly moving towards bankruptcy. This was stated by American entrepreneur Ilon Musk on Saturday, November 23.

"America is currently heading toward a very rapid bankruptcy," he wrote on his page in the social network X (former Twitter).

According to Musk, the last time there was a budget surplus was in 2001. In 2023, the U.S. government spent more than $6 trillion, while revenues amounted to $4.47 trillion.

The businessman emphasized that this trend should be "reversed" and strive for a balanced budget.

On the same day, Musk promised to improve the efficiency of U.S. defense spending with the help of the new Department to achieve government efficiency in the U.S. DOGE.

On November 12, Trump appointed Musk and Vivek Ramaswamy to head the US Department of Government Efficiency (DOGE). According to the US leader-elect, they will "pave the way to eliminate government bureaucracy."

Musk has repeatedly spoken out about the impending bankruptcy of the United States. Thus, on October 18, he said that the cause of bankruptcy is too much spending of the government of the States. In order to prevent this, it is necessary to reduce spending.

Before that, on July 25, Max said that the United States is facing bankruptcy, after information that interest payments on the national debt of the country in 2024 will amount to $1.14 trillion.

US President-elect Donald Trump on April 10 drew attention to the fact that the current head of state Joe Biden is completely out of touch with the economic situation in the country. According to him, he has completely lost control over inflation.