Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)

Yo_Mama_Been_Loggin

(123,331 posts)
Sat Jan 4, 2025, 08:18 PM Jan 2025

There Won't Be Money For Social Security': The Muskrat Tells Joe Rogan [View all]

Elon Musk doesn't shy away from big ideas or bold predictions, but his latest warning is a wake-up call for America.

During a recent appearance on The Joe Rogan Experience, Musk pulled no punches when discussing the U.S. economy. His verdict? The country is heading toward financial collapse if drastic action isn't taken.

"We're drowning in debt," Musk said, referring to the $36.14 trillion the U.S. owes, as reported by the Treasury Department. He explained that interest payments alone comprise 23% of all federal revenue. "If this keeps up, the entire government budget will go to paying interest. That means no money for Social Security, no Medicare, nothing. America would be toast."

Musk's warning hit a nerve and for good reason. Interest payments on the debt are already skyrocketing. In 2024, the government spent over $1 trillion on interest – a staggering figure compared to $4.92 trillion in total revenue.

https://finance.yahoo.com/news/wont-money-social-security-elon-130218440.html

Because fat cats like you don't pay your fair share. We had a balanced budget 25 years ago then Bush II got massive tax cuts for billionaires while invading Iraq on a credit card. The Mango Mussolini continued this in his first term.

66 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Extending the Trump tax cuts would add $5 trillion to the national debt. dalton99a Jan 2025 #1
Which would cause the country to collapse leading to a massive takeover by lender oligarchs! kimbutgar Jan 2025 #52
he's pimps for a party that celebrates tax cuts for the obscenely rich Skittles Jan 2025 #2
What he said is factual... WarGamer Jan 2025 #3
Social Security is not part of the general fund, so it's not in the budget. ... aggiesal Jan 2025 #54
Even 3auld6phart Jan 2025 #57
When the masses become hungry. multigraincracker Jan 2025 #4
Then why doesn't he and his fellow billionaires pay a lot more in taxes? sinkingfeeling Jan 2025 #5
Then there sure and hell shouldn't be money for tax cuts. republianmushroom Jan 2025 #6
X 100000000000! Evolve Dammit Jan 2025 #26
Why are we drowning in debt? Picaro Jan 2025 #7
I'm an old man. Morbius Jan 2025 #8
"Fuck the poor! Long live the oligarchy!" -Muskrat, probably sakabatou Jan 2025 #9
Boy! This is the first time we've heard this. My point being, as I've shouted to the rafters for... chouchou Jan 2025 #10
But the young Republicans are just as bad or worse. How do you explain that? nt delisen Jan 2025 #12
If the young Republicans screwed up everything..(like the older right-wingers)... chouchou Jan 2025 #15
all those pesky voters? mahina Jan 2025 #21
I have secret plans. chouchou Jan 2025 #59
We have t tax where the money is. In the pockets of billionaires like Musk delisen Jan 2025 #11
Post removed Post removed Jan 2025 #29
We have multi billionaires Simple billionaires are just pikers today. delisen Jan 2025 #38
Sounds like Elon paid around $11 billion in 2021 womanofthehills Jan 2025 #46
Then I want my many years of your taking money from my paycheck and add the many years of interest and give efhmc Jan 2025 #13
And I want my employer contribution, too Red Mountain Jan 2025 #17
Wake me up when he figures out that our debt problem would go away if billionaires paid their fair share. Baitball Blogger Jan 2025 #14
Not Just Billionaires. GB_RN Jan 2025 #60
Here's To Elon Rottin' Out His Ass... The Same Place He Speaks From And His Sense Of Taste Resides. MayReasonRule Jan 2025 #16
They're going to ram this through with as much Red Mountain Jan 2025 #18
They will not get it through Congress.. whathehell Jan 2025 #39
Why don't these reporters remind him and others that SS n Medicare are earned benefits, not entitlements Deuxcents Jan 2025 #19
They just don't do real interviews anymore? Just let them spew alternative facts Evolve Dammit Jan 2025 #31
He's right in that no one has addressed the Debt/Deficit in decades. However, there are other ways to do that Silent Type Jan 2025 #20
Republicans don't give a flying fuck about "the deficit" Blue_Tires Jan 2025 #23
And Cheney said "deficits don't matter." Evolve Dammit Jan 2025 #32
To be fair, Cheney's comments were in the context of in politics "deficits don't matter." Silent Type Jan 2025 #61
Our current crisis goes back to those cretins and the "unitary executive" creating Evolve Dammit Jan 2025 #65
I wonder what all those working class Trumper white folks Blue_Tires Jan 2025 #22
Somehow there's enough money for a trillion dollar vanity trip to Mars and not enough for Grandma's pin money? Hugin Jan 2025 #24
I pay for my Social Security angrychair Jan 2025 #25
Muskrat doesn't seem to know how the House works. No way, with... brush Jan 2025 #27
Seize Eloons assets pay down the debt and deport him for fraud. Bluethroughu Jan 2025 #28
No money for social security, but plenty of money for his tax cuts? LisaL Jan 2025 #30
Leon's acting like a boxer Buddyzbuddy Jan 2025 #33
How can we afford to deport millions of immigrants? milestogo Jan 2025 #34
We can't so we won't. paleotn Jan 2025 #36
Elmo is spouting bullshit again. paleotn Jan 2025 #35
Agree Deuxcents Jan 2025 #37
+1000 PortTack Jan 2025 #40
It won't be pretty when the Government breaks the social contract with its citizens. Dan Jan 2025 #41
Depression 2.0 MissB Jan 2025 #49
We would be fine if the rich paid their fair share of taxes! Lift the cap on SS taxes!! SunSeeker Jan 2025 #42
Something is missing from the debate... jmbar2 Jan 2025 #43
It is OUR MONEY! alarimer Jan 2025 #44
Social Security Does Not Add to the National Debt PikaBlue Jan 2025 #45
It's an absolute MUST that they make us slightlv Jan 2025 #51
If hypocritical fat cats like him would shut up and slightlv Jan 2025 #47
I am sure that Putin was behind Brexit too. Anything to weaken the Western Alliance. OMGWTF Jan 2025 #50
Even if the rich pay more than their fair share of taxes THEY WILL STILL BE RICH. OMGWTF Jan 2025 #48
Then give back all those tax breaks Trump gave you and retro pay your fair share of taxes Jit423 Jan 2025 #53
Trump's hall monitors seem to agree with Musk. Kingofalldems Jan 2025 #55
Let's take ALL corporate subsidies away tomorrow. onecaliberal Jan 2025 #56
Three Sure As Shit Will Be you Mother FUcking Psycho. Cha Jan 2025 #58
Whom do we owe all that money TO?!?! Jeebo Jan 2025 #62
Keep Our Social Security OUT of you GD FISHFACE, Cha Jan 2025 #63
That's not how SS works AncientOfDays Jan 2025 #64
Musk in his life has never refused a government check Johonny Jan 2025 #66
Latest Discussions»General Discussion»There Won't Be Money For ...