Musk, Trump Warn U.S. Faces Bankruptcy Over Spending, Trade Deficit

Elon Musk has expressed serious concerns regarding the state of U.S. government spending, urging citizens to be outraged over what he perceives as misuse of tax dollars. In a Fox News interview, he highlighted a $2 trillion trade deficit inherited by President Trump and warned that without corrective measures, the country risks bankruptcy due to excessive deficit spending. Musk criticized the inefficiencies within agencies such as USAID, emphasizing the need for fiscal responsibility and suggesting that the government is plagued by waste and fraud. Former President Trump echoed Musk's sentiments, attributing the inflation resurgence to Democratic policies and labeling their spending as wasteful, particularly criticizing the 'Green New Scam.' He praised Musk's oversight in managing DOGE and highlighted the necessity for reforms to bridge the gap between governmental intentions and their implementation. Both Musk and Trump condemned media bias, claiming it obscures the public's understanding of critical financial issues.