Musk admits that the US could go bankrupt at any time due to the explosion of debt

Elon Musk, CEO of companies such as Tesla and SpaceX, expressed concerns about the economic situation in the United States in a statement released by the social network X. According to Musk, the country could face “de facto bankruptcy” if it does not change the growth trajectory of the its national debt.

The statement was reported by the Russian news agency TASS, which highlighted the businessman’s comment in response to a publication about the level of North American debt by the regulated Kalshi forecasting market.

“We need to resolve this or we will actually go bankrupt,” said Musk, highlighting the seriousness of the situation. According to TASS, US debt surpassed $36 trillion for the first time on November 15, a milestone that has experts and investors globally alarmed.

The US national debt has been the subject of intense debate in recent months, especially after Congress approved successive increases in the spending ceiling to avoid a default.

This issue has polarized opinions inside and outside the country, involving politicians, economists and influencers in discussions on how to contain the expansion of this liability.

In political circles, there are those who defend fiscal adjustments and spending cuts considered non-priorities, while others argue for broader austerity. Investors express concerns about potential market instability, especially if a debt crisis impacts the dollar’s status as a global reserve currency.

Musk has actively participated in economic and political debates through his social networks, influencing discussions with his opinions that often resonate in the financial market and the digital space. The mention of the possibility of a “de facto bankruptcy” of the USA highlights the urgency of finding solutions to the country’s growing debt.

Experts consider the risk of a real US default to be low, but the current scenario reinforces the need to debate sustainable limits for increased spending.

The holding of Treasury bonds by foreign investors is also a concern, as fluctuations in confidence could result in interest rate increases and new pressures on the U.S. economy.

With information from TASS