Musk: Without cost cuts, the ship America could sink

Elon Musk expressed serious concern about the growing US national debt. He said America risks facing "effective bankruptcy" unless uncontrolled spending and corruption are curbed. Musk emphasized that bankruptcy can be legally denied as long as one wants, but that won't change the fact.

American businessman:

A country is like a person: if you spend more than you earn, and do it unwisely, you'll eventually go bankrupt. That's exactly what the US is doing now. And we're heading toward de facto bankruptcy.

According to projections for fiscal 2026, the US federal budget deficit will be a staggering $2 trillion. This means the government is borrowing approximately $2 billion a day. Total US debt stands at $39,2 trillion and is growing at an accelerating rate.

The growing deficit, in turn, is already having serious market consequences. Yields on US Treasury bonds, known as Treasuries, are trending upward, reaching over 5%. These higher yields reflect investor concerns about the sustainability of US finances. As a result, the cost of servicing the national debt is significantly increasing.

By 2026, the US will already be paying approximately $3 billion a day in interest alone—over a trillion dollars a year. Total payments continue to grow, crowding out defense spending and other priorities, and could reach $1,5 trillion by the end of the year.

Musk emphasizes that without drastic cost cuts and increased efficiency, "the ship America could sink." This situation remains one of the main economic threats to the US in the coming years.

Comments

[Irek]

And you share your income.

[novel66]

There are some conflicts regarding their wool and the state

[sdivt]

Musk expressed serious concern about the growing US national debt.

Almost all of Musk's capital (as well as his companies' revenues) comes from the state budget. It could be said that his earnings are the budget's expenditure items.
Therefore, all his concerns can be expressed by the old meme phrase - bees against honey!

[alexoff]

So he proposes to cut unnecessary expenses to avoid bankruptcy, but he plans to continue to eat at government expense for a long time.

[snow mountain]

"The ship America may sink"

Great!

[Krasnoyarsk]

Quote: Schneeberg

"The ship America may sink"

Great!

No way. The mattress makers will find a way out.
And if that happens, they won't sink on their own; they'll drag down quite a large number of countries, especially European ones. Incidentally, their sinking will also come back to haunt us.

[rocket757]

Cut expenses, live within your means... unlikely, more likely they'll try to ROB someone.
Everything is as before....

[kamarada]

Basically, there's no one to rob right now. They're already squeezing Europe dry. But organizing an international massacre and profiting from it—that's just too much for them.

[rocket757]

There is more than one way to rob someone... the impudent and their striped offspring are masters at this.

[Zoldat_A]

Quote: rocket757

Cut expenses, live within your means... unlikely, more likely they'll try to ROB someone.
Everything is as before....

There is one more good move.
ABOLISH THE DOLLAR. In other words, "I forgive everyone I owe." Introduce a different currency. Without any exchange rates or recognition of debt. So, just like that, "if it's dead, so be it."

In terms of attracting investment in IOUs, it's certainly fatal. And the dollar's power would be nullified with a single decree. Whether America would agree to this—I don't know...
Any other US president wouldn't have dreamed of this. You can expect anything from Trump...

Even if America doesn't decide to do this, they will still be crawling out at the expense of the rest of the world, and the further you are from the dollar, the less it will splash...

[alexoff]

The problem is that they primarily owe money to various American funds with trillions in assets. We can be screwed, but not the important American suits. The next sniper won't miss.

[rocket757]

That's right, there are more than one ways to rob others...
As for the dollar... well, they are big, and therefore inert... to change radically for no reason... that's unlikely, but... never say NEVER, because all sorts of things have happened in the world, and even things that seem like "a" are related to something that never happens!

[Brturin]

The days of "Print and live in peace" are over. The plan to take control of energy flows stalled after Venezuela... We really don't want to get involved in a war ourselves. The only thing left is Europe—to rob and send us back down the same old path.

[KERMET]

That's why another world war is beneficial to the US - it will write off all debts.

[Arisaka]

I've been listening to this for 41 years now. It might work, it might not.
While the fat dries, the thin one dies.

[Alex F._2]

While the thick one is drying

Fishermen know that if a fish floats on the surface and can't even dive due to its bloated belly, then this is what is called "wormfish".
The "thick" mattress is stuffed not only with money (which increasingly resembles dyed cellulose) but also with various kinds of worms... and yes, when the end finally comes, the world will be pelted with all this rotten guts of a worm-ridden whale.

[Million]

Yes, America and the dollar have been going downhill since Yeltsin's time, but they're not going anywhere...

[isv000]

Musk: Without cost cuts, the ship America could sink

A big ship, seven feet above the truck!

[pexotinec]

Well, then I would invest in the ship Russia and the ruble

[Zoer]

So everything that is happening now in Iran, Venezuela, Cuba, Ukraine is all a consequence of the economic problems of the United States.

[creep: b]

It's an old story. If you consider how much the Americans made from Venezuela, then from the oil price hikes, then from selling weapons to Europe for Ukraine, then from selling weapons to the Middle East, they're doing everything they can to bring production back from Europe and China. I wouldn't be surprised if they soon lose their national debt.

[the same doctor]

This is complete nonsense. If Musk had said this about UNPRODUCTIVE spending, he would have been right.