🚨 Musk warns: Government spending may lead to national bankruptcy!💸
Elon Musk responded to a netizen on social media X, saying in a post about federal government spending, "Federal government spending will bankrupt the country unless action is taken to cut government spending, rather than simply imposing high taxes on the rich. This is also the main cause of inflation!" The tech giant's outspokenness once again triggered a discussion about government fiscal responsibility.
It is reported that the current US national debt has exceeded 35 trillion US dollars. Economists have previously stated that based on the interest rate before the rate cut, the US national debt has generated up to 1 trillion US dollars in interest every 3 months, which is undoubtedly a huge fiscal pressure, causing investors to express concerns!
There are other views that if the US economic policy is not handled properly, this "time bomb" may detonate the global financial system at any time.
However, it is worth noting that there have been news reports that if Trump is elected, he will consider letting Musk lead a government efficiency committee to focus on reviewing government spending. If this becomes a reality, does it mean that we are about to see some major fiscal reforms in the US government?
💬 What do you think of Musk's views on US government spending? How do you think the government should balance its budget and reduce waste? If Musk does lead the government efficiency commission, what changes do you expect to see?
