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Musk: The US is very quickly approaching virtual bankruptcy

On November 15, the US national debt exceeded $36 trillion for the first time in history

Dec 4, 2024 06:39 82

Musk: The US is very quickly approaching virtual bankruptcy  - 1

The US is very quickly approaching virtual bankruptcy, wrote on his in X the billionaire Elon Musk.

The entrepreneur, along with businessman Vivek Ramaswamy, is expected to head a new department to improve government efficiency in the administration of US President-elect Donald Trump.

On November 15, the US national debt exceeded $36 trillion for the first time in history.

According to the forecasts of the Budget Office of the US Congress, the national debt of the country in 2034. will exceed $50 trillion (122% of GDP).

According to management forecasts, the average annual GDP growth in 2029-2034. will be 1.8%