Elon Musk says there's substantial ignorance about America's national debtBusiness magnate Elon Musk, who has been sounding the alarm about America's gargantuan, ever-expanding national debt, claimed that many people are unaware of the problem.
"A significant % of people don’t even know that there is such a thing as a national debt!" Musk declared in a post on X.
"Those that do often don’t know how big it is or that our interest payments now exceed what we spend on our military. Only a small % understand that government overspending causes inflation," he added.
The national debt has soared past $36 trillion.
"America is going bankrupt fast," Musk warned in another post.
"The excess government spending is what causes inflation! ALL government spending is taxation. This is a very important concept to appreciate. It is either direct taxation, like income tax, or indirect via inflation due to increasing the money supply," he asserted in a tweet earlier this month................
https://www.foxnews.com/politics/elon-musk-says-theres-substantial-ignorance-about-americas-national-debt
