Elon Musk has issued a grim forecast for the US, warning the nation is quickly heading for bankruptcy thanks to its “terrifying” level of debt.
The warning comes weeks after the world’s richest man and SpaceX CEO was apportioned the co-lead of the newly-founded Department of Government Efficiency (DOGE) by President-elect Donald Trump.
Musk, who became a key ally to Trump during his campaign, will spearhead DOGE – which is not an official department and has no statutory authority – alongside businessman Vivek Ramaswamy, in an attempt to cut billions of dollars in federal spending and slash excess regulations.
Wasting no time, Musk took to X last week to caution: “America is currently headed for bankruptcy super fast”.
Anothermike