Posted 2/13/2024, 1:24:00 PM
Elon Musk Sounds Alarm on Ballooning US Debt, Warns of $100 Trillion Obligations
- Elon Musk weighs in on unsustainable US national debt growth, warns it will soon exceed $100 trillion with unfunded obligations
- Interest payments on debt set to hit historic high in 2024, surpassing military spending
- Growing debt crisis catches attention of ratings agencies and business leaders like Jamie Dimon
- Fed Chair Jerome Powell calls for "adult conversation" in Washington to address critical fiscal issues
- Musk's credibility with conservatives means his warnings could influence debate more than agencies or Powell