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musk suddenly warned: the united states is rapidly heading towards bankruptcy

2024-09-03

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musk is speaking out again!

recently, musk, the world's richest man and ceo of tesla, said that the united states is rapidly heading towards bankruptcy due to excessive government spending. earlier, data released by the u.s. treasury department showed that the total u.s. debt reached $35 trillion for the first time. some economists and historians are worried that the current u.s. debt level has exceeded many dangerous indicators, posing hidden dangers to the united states and the world.

it has been more than a month since musk officially expressed his support for republican presidential candidate trump. some us media commented that a series of attacks by the democratic party showed that musk's support exposed trump's weaknesses, that is, musk's support for trump was counterproductive. so why do they say that?

musk warns

american entrepreneur elon musk recently issued a warning that the united states is on the "fast track" to bankruptcy due to excessive government spending.

musk shared a user's post on the social media platform x on august 30 and commented: "at the current rate of government spending, the united states is on the fast track to bankruptcy." musk's post wrote, "excessive government spending is the cause of inflation."

more than ten days ago, in the first live interview between trump and musk on the x platform, trump attributed the inflation crisis to biden's "wanton squandering" of fiscal funds during his tenure, which caused americans to fall into a once-in-a-century inflation crisis.

at that time, musk praised trump's anti-inflation efforts in an interview. musk said: "as you just said, many people are worried about the economy and inflation. inflation is actually a tax on people who like to save money. for people who work every day, it is just a tax. if we can solve the problem of government spending, we can solve the problem of inflation, which means people will have a better standard of living. this is a very important thing."

data released by the u.s. treasury department on july 29 showed that the total u.s. debt reached 35 trillion u.s. dollars for the first time, equivalent to the combined economic output of china, germany, japan, india and the united kingdom.

the rapid increase in the size of the u.s. national debt has directly led to a corresponding increase in interest payments in the future. data shows that interest payments on the national debt are expected to become the fastest growing part of the federal budget in the next 30 years. according to the congressional budget office, by 2033, the interest payments on the u.s. national debt will triple from nearly $475 billion in 2022 to more than $1.4 trillion. by 2053, the interest payments on the u.s. national debt are expected to soar to $5.4 trillion. this will exceed the u.s. spending on social security, medicare, medicaid and other programs. some economists and historians are worried that the current u.s. debt level has exceeded many dangerous indicators, burying hidden dangers for the future of the united states and even the world.

according to xinhua news agency, the united states continues to raise new debts to repay old debts, and its confidence comes from the hegemony of the us dollar. with the hegemony of the us dollar, the united states transfers its own risks and reaps global wealth through interest rate increases and decreases. however, the long-term addiction to debt has made it impossible for the united states to change its wasteful habits of "living in advance and not having enough food in the future", thus sowing the seeds of crisis. economists and historians believe that some new dangerous indicators in the us debt data may further impact the us financial hegemony.

us media: musk exposes trump's weaknesses

according to nbc, musk's support for former president trump was intended to improve the candidate's chances of winning in the november election. but more than a month after musk officially expressed his support for trump, a series of attacks from the democratic party showed that musk's support exposed trump's weaknesses.

the report said that since musk announced his support for trump on july 13, harris' campaign has repeatedly attacked musk's anti-worker stance. the campaign called musk and trump "narcissistic rich people" and reposted an audio of an event on musk's social media app x, in which the two laughed at the dismissal of striking workers.

harris' allies, including shawn fain, president of the united auto workers union, have also responded with attacks. the uaw has filed unfair labor practice charges against musk and trump, saying they interfered with workers who might want to exercise their labor rights. fain has highlighted the issue in interviews with the media.

now, some democratic strategists seem eager to continue to highlight musk and trump's alliance, which they believe reinforces trump's weaknesses. "whenever elon musk tries to do something to help trump, i think it galvanizes the democratic base against him," said pete giangreco, a democratic strategist in chicago.

the report pointed out that musk's support should be a boost for trump. because it shows that trump will have all the money and social media firepower needed to return to the white house, which makes people feel that trump has won the support of a large part of the american technology industry and entrepreneurial class. considering musk's unprecedented wealth, celebrity and media influence, his support is arguably the most eye-catching and coveted in this election cycle.

but that doesn’t seem to be the case: musk’s super pac underwent a major personnel shakeup shortly after its founding, and many other large tech donors refused to follow musk’s lead and chose to join harris’s camp.

trump's campaign team recently stated that if trump is re-elected to the white house, he will repeal many of the current president biden's clean energy regulations, while speeding up the approval of power plants to meet the growing electricity demand in the united states.

trump vs. harris

according to a report by reference news citing the associated press, the trump campaign issued a statement from the family organizations of fallen soldiers on september 1. the statement said that trump was invited to the arlington national cemetery and said that his election rival, vice president harris, was using fallen soldiers for political purposes.

the report mentioned that on august 26, local time, trump went to arlington national cemetery to attend the 3rd anniversary of the bombing at kabul airport in afghanistan. but trump's appearance at the cemetery caused controversy. u.s. department of defense officials said that trump's campaign team was warned not to take pictures at the cemetery, and trump's assistants were also accused of clashing with cemetery staff.

trump has been trying to link harris to the biden administration's hasty withdrawal of troops from afghanistan in 2021, including a suicide bombing at kabul airport that killed 13 american soldiers. the cemetery incident is the latest extension of this political fight.

according to reports, harris accused trump's visit to the cemetery last weekend of being a "political stunt" and "disrespecting a sacred place." but some families of fallen soldiers pointed out that trump went to arlington cemetery to pay tribute to their loved ones.

gold star families, an organization of families of fallen military personnel, said in a statement: "president trump was invited by the gold star families to attend the 3rd anniversary ceremony of the children's sacrifice. his arrival was a sign of respect for their sacrifice, but vice president harris shamefully turned this sacred moment into a political conspiracy." the report also said that throughout the weekend, trump used his social media accounts to post video testimonies from relatives of military personnel.

in addition, trump's campaign team recently stated that if trump wins the white house again, he will repeal many of the current president biden's clean energy regulations, while speeding up the approval of power plants to meet the growing electricity demand in the united states.