Elon Musk: America is going bankrupt extremely quickly. We have to reduce the spending or this will not have a good ending

Elon Musk: America is going bankrupt extremely quickly. We have to reduce the spending or this will not have a good ending.

"America is going bankrupt extremely quickly.

And everyone seems to be whistling past the graveyard on this one.

The Defense Department budget is a very big budget, okay?

It's a trillion dollars a year, DoD, Intel, a trillion dollars.

And interest payments on the national debt just exceeded the Defense Department budget.

They're over a trillion dollars a year, just in interest and rising.

We're adding a trillion dollars to our debt, which our kids and grandkids are going to have to pay somehow, every three months, and then soon it's going to be every two months and then every month.

And then, the only thing we'll be able to pay is interests.

And it's just like a person at scale that has racked up too much credit card debt.

This does not have a good ending.

We have to reduce the spending."

Source: The All-In Podcast @theallinpod, September 9, 2024

Source: Victor vicktop55
https://t.me/vicktop55