American billionaire Elon Musk said that the USA is now rapidly heading towards bankruptcy. The relevant post was published on his page on the social network X.
So, the businessman commented on the publication of the Department of Government Efficiency (DOGE), which warned that the situation with the US budget should be corrected. According to the ministry, the last time the US budget had a surplus was in 2001. Additionally, in fiscal year 2023, the US government spent more than $6 trillion but collected only $4.47 trillion.
“America is now heading towards bankruptcy very quickly,” Musk wrote.
before that reportedIt was stated that Musk, businessman and Vivek Ramaswamy proposed to cut funds for international organizations and non-governmental organizations working in Ukraine. In addition to reducing the number of officials promised to find other jobs in the private sector, they want to reduce the size of subsidies, spending on public media, repeal many federal regulations and change the country’s laws.
Previously Musk stated“criminal immigrants” vote Democrat.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.