Tag: US Debt
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Elon Musk Warns ‘America is Going Bankrupt’ as Interest Payments on US Debt Ate Up 76% of June’s Income Tax Revenue
In a stark warning that has sent ripples through financial markets and policymakers alike, Elon Musk has raised alarms about the fiscal health of the United States. According to Musk, the nation is on a trajectory towards bankruptcy, driven by the staggering proportion of income tax revenue consumed by interest payments on national debt. As…