{"id":136532,"date":"2024-08-31T08:30:06","date_gmt":"2024-08-31T05:30:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136532"},"modified":"2024-08-31T00:40:06","modified_gmt":"2024-08-30T21:40:06","slug":"elon-musk-warns-of-u-s-bankruptcy-due-to-government-overspending","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/elon-musk-warns-of-u-s-bankruptcy-due-to-government-overspending\/","title":{"rendered":"Elon Musk Warns of U.S. Bankruptcy Due to Government Overspending"},"content":{"rendered":"

He took to X (formerly Twitter) to criticize<\/a> <\/strong>the government\u2019s financial policies, pointing to a projected $16 trillion addition to the national deficit by 2035. Musk argues that this level of overspending is a key driver of inflation and threatens the country\u2019s economic stability.<\/p>\n

His concerns come as new data from the Commerce Department shows that inflation remains stable, with the Personal Consumption Expenditures (PCE) index holding at 2.5% in July. Despite this, the nation\u2019s debt has surged to $35.27 trillion, fueling ongoing worries about the long-term health of the economy.<\/p>\n

Musk\u2019s warning arrives at a time of uncertainty in global markets, particularly as the Federal Reserve weighs future interest rate cuts. While inflation appears under control for now, the growing national debt casts a shadow over any economic optimism.<\/p>\n