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Showing Original Post only (View all)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.