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Musk Says US Needs AI to Avoid Bankruptcy as Debt Tops $38T
Elon Musk warns U.S. bankruptcy is inevitable without AI and robotics to double productivity and tackle the $38 trillion debt, the fastest trillion-dollar increase outside the pandemic.
- On Friday, Elon Musk warned the United States could face bankruptcy, citing systemic fiscal flaws as the U.S. Treasury reported gross national debt surpassed $38 trillion earlier this month.
- Musk blamed ineffective post‑Covid policies and rising rates, saying debt‑ceiling borrowing delays and extraordinary measures accelerated federal debt growth past $38 trillion.
- Elon Musk noted that interest payments on the national debt now exceed the U.S. military budget.
- Musk warned this could affect Bitcoin and markets, noting his more than $1 billion Bitcoin holdings through SpaceX could influence investor reactions.
- Policymakers will face increasing pressure to pursue long‑term fiscal reforms as rising interest payments crowd out public investments amid the fastest $1 trillion single‑year accumulation outside COVID‑19.
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13 Articles
13 Articles
‘This Is Crazy’—Elon Musk Issues Serious $38 Trillion U.S. ‘Bankruptcy’ Warning Amid Growing Bitcoin Price Crash Fears
Elon Musk has warned it’s not possible to solve the U.S. debt crisis without growing the economy at a fantastic pace—something that bitcoin supporters think will blow up the bitcoin price...
·United States
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Elon Musk Warns Social Security Could Run Out By 2032: 'We're Going Bankrupt...' - Tesla (NASDAQ:TSLA)
Elon Musk warned on The Joe Rogan Experience that the U.S. faces bankruptcy as national debt tops $38 trillion and Social Security nears insolvency by 2032—arguing only AI and robotics can save the economy.
·New York, United States
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Coverage Details
Total News Sources13
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
Factuality
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