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America Headed Towards Bankruptcy: Musk

America Headed Towards Bankruptcy: Musk

Elon Musk, the world's richest man and Tesla CEO, has expressed deep concern over the rapidly increasing national debt burden in the United States.

Speaking at a recent event hosted by the "All-In Podcast," Musk warned that America is heading towards bankruptcy at an alarming rate. He voiced his worries about the growing financial challenges in the country, pointing out that the national debt and interest payments are surging every day.

Musk highlighted that the interest on the nation's debt has reached a staggering trillion dollars this year alone, with 76% of collected taxes being used just to cover these payments. He warned that if this trend continues, the U.S. could face bankruptcy.