“Unsustainable”: Elon Musk Sounds The Alarm On The U.S. Debt

“Unsustainable”: Elon Musk Sounds The Alarm On The U.S. Debt



by Bright_life_news

40 comments

  1. Decades of leeches on society like Musk and Chump are why the debt is so high. Pay it down yourselves nepo trust fund babies. Changing the currency is how governments rapidly devalue money and impoverish the public before they see it coming. Dark days ahead.

  2. If he’s so concerned then maybe Tesla should give up their subsidies.

  3. The debt was pretty bad.  Then pandemic spending made it much worse.  Inflating the money supply (devaluing the dollar)  helped ease it some.

    We are in uncharted water.  I don’t think we are at Greek levels of crisis, but it’s getting harder and harder to have funding for emergencies such as natural disasters, Ukraine, etc.

    Suspiciously Israel gets funding within hours of asking….

  4. That article is ridiculous. We have reaped trillions of global wealth thanks to the expansion of the dollar in the rest of the world. No, the US will not be replacing the dollar with bitcoin.

    Is the deficit problematic? Sure. But how it is delt with is more important than if it is dealt with. What spending and how it is replaced, are necessary details; without which discussion is meaningless.

  7. Debt is so high because Elon and friends got a massive tax break and government subsidies.

    How much does Elon personally contribute to the debt I wonder?

  8. Revert the Trump tax relief for big corporations and you have $500 billion/year.

    Force companies to pay back the COVID relief loan and you get another 500 billion.

  9. Oh good. I’m glad he will oppose tax cuts. He does oppose tax cuts…?

  11. He is correct. Servicing the debt is costing more than our insane defense budget.  It’s amazing how hypocritical reddit can be. They want to abolish fossil fuel but then get angry when a company uses subsidies for green initiatives. Didnt used to see people hate on him like this until he stopped censoring political opponents.

  12. During the COVID-19 pandemic, there was a substantial transfer of wealth from the general American population to the wealthy, with estimates indicating that U.S. billionaires and large corporations experienced a dramatic increase in wealth. Studies suggest that U.S. billionaires saw their wealth grow by over $2 trillion between March 2020 and March 2022.

    As a result, while many Americans struggled with unemployment and financial instability, the wealthiest experienced significant gains, contributing to one of the largest redistributions of wealth to the upper class in recent U.S. history.

  13. If he’s so concerned about this why is he dick riding the person that is gonna make it sky rocket?? 

  14. No shit sherlock.

    Dismantling the government isn’t the solution. Try getting rid of subsidies going to already profitable businesses, like oil.

  15. Maybe he should pay his fair share of taxes instead of being a mooching immigrant living off government handouts

  16. This is fascinating because there’s a foreign policy establishment in the US that intentionally increases us debt as part of an imperial world order. 

    Over 50% of world currency is in US dollars and the US has over 190 military bases around the world. US debt is world debt, if you come aged the US or de dollarize in a real way or nationalize your resources the US is coming for you. And if the US wants more money we just print it, our debt is worth less and other countries eat the inflation. 

    It’s an evil but clever way to run an empire.

    There’s also other aspects to it like predatory IMF loans, sanctions and intelligence. 

    Now, of you remove or significantly the national debt and add large tariffs, you’re basically talking about changing the world order in which America maintains imperial economic hegemony.

    What would that world look like? 

    Would the US go back to a manufacturing based economy? In that world, the military and forever wars are not so profitable anymore. Would wars decrease? 

  18. How can I sound the alarm about an issue? Where’s the button? These ridiculous titles are part of the media problem we currently have.

  19. Almost like maybe we need to expand our tax base, not erode it with tax breaks for the wealthy. I dunno, call me crazy.

  20. The answer is raising corporate taxes and reduce government spending. Fairly certain neither is happening, regardless of who wins. We’re addicted to inflation. Corporate earnings go higher. Which makes C suite execs bonuses higher. Also means shareholders become wealthier. Let the good times roll on! We’ll all be millionaires soon.

  21. His 3 biggest cons all use government subsidies to be viable. The call really is coming from inside the house.

  23. As currency issuer can always pay debts denominated in it’s currency

    Ten bucks says Musk cannot tell you what “the debt” represents

  24. Greedy asshole wants the middle class and poor to suffer. He’s already predicting it.

  26. He could certainly donate to the cause in that case.

  27. Well if Elon said it, it must be true. I thought Tesla got subsidies…?

  28. Who trusts this walking ET k-hole to know anything about money, banking, or fiscal/monetary policy?

  29. It will work out, we got a guy who bankrupted a casino in charge.

  31. So what’s the plan? Raise taxes or cut your working class voters’ Social Security and Medicare?

  32. We need to rebuild the American middle class. Thats how we solve this problem. Not by concentrating all the country’s wealth into the hands of a mere 800 people. Unless they want to pay down all the debt the by all means.

  34. Ah yes bitcoin. The very much non speculative major acceptable payment method.

  38. The nation with the most billionaires cries poor? Hhhmmm, how ironic? They hate taxation I hear? 2+2=4. The math says it all. Yet it’s a billionaire blaming the poor. When the work is carried out by people holding three jobs. This math is complex hey?

  39. If it’s unsustainable then the billionaires can shed a couple of % of their wealth to help out and show the rest of us everyone is in it together….

    Oh what’s that, you’re going to continue taking every handout you can while insisting people with 0.000001% of your wealth go hungry/cold to pay.

  40. 4.9 BILLION in government overspending on Elon. Yes, let’s get rid of it.

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