Elon Musk, the CEO of Tesla and SpaceX, has repeatedly warned about the growing national debt in the United States. In November 2024, he tweeted that "America is currently headed for bankruptcy super fast," citing a record $204 billion surge in debt. He has also suggested that the country could slip into "de facto bankruptcy" if spending is not curbed.

Musk's concerns about the national debt are shared by many economists. The national debt has been steadily increasing for decades, and it is now at a record high of over $32 trillion. The Congressional Budget Office (CBO) has warned that the debt is on an unsustainable path and that it could lead to a fiscal crisis.

There is debate about whether the United States is truly headed for bankruptcy. Some economists argue that the country has the ability to repay its debt, while others believe that the debt is unsustainable and that it will eventually lead to a fiscal crisis.

It is important to note that Musk's comments about the national debt should be taken with a grain of salt. He is a businessman, not an economist, and he has a history of making controversial statements. However, his warnings about the debt should not be ignored. The national debt is a serious problem that could have significant consequences for the United States economy