‘America is going bankrupt extremely quickly,’ Elon Musk warns as debt continues to accelerate

Elon Musk has warned that the United States is rapidly approaching bankruptcy with a national debt over $35 trillion. Speaking at the All-In Summit 2024, he highlighted the need for deregulation and smaller government. Musk pointed out that interest payments on this debt have now exceeded $1 trillion annually, stressing future generations will bear this burden.