Politics
Elon Musk issues dire warning about America's $30+ trillion national debt
"Something has got to give," Musk tweeted
February 11, 2022 3:28pm
Updated: March 7, 2022 1:35pm
Tesla and SpaceX CEO Elon Musk is issuing a dire warning about the record U.S. national debt, which has surpassed $30 trillion.
"True national debt, including unfunded entitlements, is at least $60 trillion – roughly three times the size of the entire US economy. Something has got to give," Musk tweeted Thursday night in response to a Babylon Bee article titled, "Biden Goes Double Or Nothing On National Debt By Placing $30 Trillion On The Bengals."
True national debt, including unfunded entitlements, is at least $60 trillion – roughly three times the size of the entire US economy. Something has got to give.
— Elon Musk (@elonmusk) February 11, 2022
There is reportedly about $93 trillion over 75 years in unfunded liabilities, which are defined as promised benefits to individuals through entitlement programs such as Social Security.
The $93 trillion figure is in addition to the rising national debt.