Elon Musk: US Debt Interest Now Exceeds Defense Budget At White House Press Conference
Elon Musk: US Debt Interest Now Exceeds Defense Budget At White House Press Conference
Business Today
- Updated Feb 12, 2025 1:35 PM IST
In a recent discussion, Elon Musk highlighted a critical fiscal issue: the United States' interest payments on its national debt have now surpassed the entire Defense Department budget. He emphasized the urgency of addressing the $2 trillion deficit to prevent the nation from heading towards bankruptcy. Musk stated, "It's really astounding that the interest payments alone on national debt exceed the Defense Department budget, which is shocking." He advocates for immediate reductions in federal expenditures to avert a financial crisis.
