Elon Musk Says National Debt Will Eventually Lead to a Collapse

Elon Musk Says National Debt Will Eventually Lead to a Collapse

(TheRedWire.com) – Elon Musk, CEO of Tesla and SpaceX, took issue recently with the growing national debt in the unlikeliest of places: The Babylon Bee. The Bee, a well-known conservative satire publication, published an article about Biden the current estimate of the national debt, on the Bengals to win the Super Bowl.

Musk didn’t take the article seriously or “fall for” anything. He simply seized the opportunity to weigh in on an issue of great importance to every American. Musk tweeted his concerns as a reply to the Bee on Thursday, February 10:

At $60 trillion, Musk may have estimated the debt too low by nearly twice. All federal government debts for fiscal 2020 produced a combined total of more than $114 trillion when balanced against commercial assets. That amounts to around $345,000 for every man, woman, and child living in the United States.

Under President Joe Biden, social spending has soared, skyrocketing the debt to levels Musk calls “unsustainable.” According to the tech giant, the debt is three times the size of the US economy. Musk quipped, “Something has got to give,” the debt will eventually lead to a collapse.

The current administration shows little sign of slowing spending, to the point the president’s own party members are breaking ranks and voting down huge packages that would only add to the pile.

Copyright 2022, TheRedWire.com