Elon Musk Warns US Faces Bankruptcy Amid $38 Trillion Debt Crisis

Elon Musk has issued a stark warning that the United States is on an unsustainable fiscal path, with national debt surpassing $38 trillion and interest payments exceeding the entire military budget. In a conversation with Joe Rogan, Musk emphasized that drastic cuts to waste and fraud are politically infeasible in a democracy, and even extreme austerity measures would only postpone inevitable bankruptcy. He attributes the worsening debt crisis to massive post-pandemic spending, rapid interest rate hikes, and ineffective policies, including criticism of President Trump's tax and spend bill. Musk argues that the only viable solution to avoid economic collapse is to achieve rapid economic growth, potentially driven by advancements in artificial intelligence and robotics. This looming fiscal crisis is also expected to impact financial markets, with some speculating that it could boost Bitcoin's value as investors seek alternatives to the US dollar. Musk's concerns highlight a critical crossroads for US economic policy and raise questions about the country's financial future.