Musk cited risks to the U.S. economy in increasing the national debt

The increase in the U.S. national debt threatens the country with bankruptcy. This was stated by American businessman Ilon Musk on December 6.

"If we don't deal with the exponential growth of the national debt, we won't have money for anything, including basic services!" - he wrote on his social networking page X (formerly Twitter).

Earlier, on December 3, Ilon Musk announced the approaching actual bankruptcy of the United States.

On November 23, the U.S. Treasury Department published data that reported that the U.S. public debt for the first time in history exceeded the mark of $36 trillion. On the same day, Musk also stated that the United States is approaching bankruptcy.

Specialists of the International Monetary Fund (IMF) called the growth of the U.S. national debt a threat to the world economy. Thus, by 2032, the country's national debt may exceed 140% of GDP. The IMF urged American politicians to carefully consider the issue of increasing indirect taxes and gradual increase in income tax.