Elon Musk Warns of U.S. Bankruptcy Without Spending Cuts

Date:

February 27, 2025

Elon Musk Warns of U.S. Bankruptcy Without Spending Cuts

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Tesla CEO Elon Musk has warned that the United States could face bankruptcy if spending is not reduced.

According to media reports, Musk stressed the need for swift action and hard work to tackle the trillion-dollar deficit. He also called for major reforms in U.S. bureaucracy, stating that eliminating outdated systems could save the government over $1 trillion.

Additionally, Musk announced the Dubai Loop Project, a high-speed transport system designed to move 20,000 passengers daily.

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