[Global Network reporter Li Ziyu] The latest data released by the U.S. Treasury Department recently showed that as of November 21, the total U.S. federal government debt exceeded 36 trillion U.S. dollars for the first time, setting a record high. According to the latest report from TASS, Elon Musk, a well-known American entrepreneur, said on December 26 local time that if the situation of increasing national debt is not changed, the United States may really "go bankrupt."
Musk data map from foreign media
According to reports, Musk commented on a post about the level of the U.S. national debt on the social platform X that day, which stated that "the United States has a serious spending problem, and the national debt has reached 36 trillion U.S. dollars and is still increasing..." Musk commented: "We either solve this problem or we actually go bankrupt."
It is understood that the US government has been borrowing heavily since the 1980s. In 1985, the United States changed from a net creditor country to a net debtor country. Since then, the scale of debt has continued to rise, and has shown a rapid growth trend in recent years. It exceeded 20 trillion US dollars in September 2017, and exceeded 30 trillion US dollars at the end of January 2022. In September 2023, the US federal government debt exceeded the 33 trillion US dollar mark. From the beginning of January to the end of July this year, the federal government debt increased from 34 trillion US dollars to 35 trillion US dollars. In just over three months, the federal government debt increased by another 1 trillion US dollars, constantly breaking through historical peaks.
This is not the first time Musk has warned about issues related to U.S. government spending. On August 30, Musk posted a warning on social media X: "At the current rate of government spending, the United States is on the fast track to bankruptcy." He also said that government overspending is the cause of inflation in the United States.