SpaceX founder and Tesla CEO Elon Musk has warned that America is currently headed for bankruptcy super fast.
"America is headed for de facto bankruptcy very fast," Musk said in a post on the X social network.
Musk, along with entrepreneur Vivek Ramaswami, will head the newly created "Department of Government Efficiency" in Donald Trump’s administration.
The U.S. national debt exceeded $36 trillion for the first time ever on November 15. According to forecasts, the figure is expected to grow to $50 trillion, or 122% GDP, by 2034. The average US GDP growth is forecasted at 1.8% in 2029-2034.
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