Tesla CEO Elon Musk has issued a fresh warning about the US economy, saying the company may soon go bankrupt if things don’t change soon. Sharing a post on microblogging platform X (formerly Twitter), Musk wrote: “If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the national debt with nothing left for anything else.” The tech billionaire quoted an X user Wall Street Mav @WallStreetMav who posted: “How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest in $37 trillion in govt debt?”. The user further added:
Annually:
US govt total reveneue = about $5 trillion
US govt interest on debt = about $1.2 trillion
US govt spending =…
