Billionaire Investor Warns US Debt Crisis After New Tax Bill Passage

Several prominent financial figures and commentators are warning of a looming U.S. economic crisis driven by soaring national debt, rising Treasury yields, and deteriorating fiscal discipline. Billionaire investor Chamath Palihapitiya criticized a recent congressional bill that extends Trump-era tax cuts and promotes pro-growth policies as a rushed move that worsens the debt spiral, potentially leading to credit downgrades and a loss of global confidence in U.S. financial stability. Echoing concerns, Elon Musk stated that only exponential GDP growth can avert national bankruptcy. Bestselling author Robert Kiyosaki predicted a coming economic downturn worse than the Great Depression, citing record-high credit card debt, increasing unemployment, and shrinking retirement savings, urging people to invest in Bitcoin, gold, and silver as safe havens. Additionally, political commentator George Will described the escalating budget deficits as "the most predictable crisis in American history," highlighting bipartisan acceptance of unchecked borrowing as a critical risk factor. Together, these warnings portray a fragile economic outlook with potential for severe financial turmoil unless significant fiscal reforms and growth measures are enacted.