Billionaire entrepreneur and Tesla CEO Elon Musk has voiced his concerns over the U.S. trade deficit and government spending, warning that America is at risk of bankruptcy if spending is not brought under control. Speaking in an interview with Fox News on February 19, 2025, Musk criticized wasteful government expenditures and urged taxpayers to recognize the financial mismanagement affecting the country’s economy.
During the discussion, Musk emphasized that the United States is running a USD 2 trillion annual trade deficit, which he described as “insane.” He compared the country’s economic situation to that of an individual, stating that if overspending continues, financial collapse is inevitable. Former U.S. President Donald…
