Elon Musk Voices Concern Over National Debt

Elon Musk has voiced significant concern regarding the United States' national debt, which has surpassed $36 trillion, equating to over $106,000 per American. Appointed by President-elect Donald Trump to co-lead the newly formed Department of Government Efficiency (DOGE), Musk aims to address the rising debt through initiatives focused on reducing federal spending and inefficiencies. He highlighted that interest payments on the debt now exceed military spending, raising alarms about fiscal sustainability. The DOGE plans to implement regulatory rollbacks and cost-saving measures as part of its strategy. Experts warn that if spending continues unchecked, the debt could escalate to $56.8 trillion by 2034, posing dire economic risks. The Trump administration's fiscal policies, including potential tax cuts, are under scrutiny for their impact on the growing deficit.