Elon Musk says there's substantial ignorance about America's national debt

shockedcanadian

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In 2016 I posted on here that I thought that the U.S national debt was your greatest National Security threat. Even higher than China at the time. There is no doubt that there is ignorance, the same ignorance we have in Canada in regards to debt or covert police apparatuses.

It is far worse now. Americas enemies want America to go bankrupt and they have been largely successful promoting climate change b.s and other initiatives to hurt Americas economy.


Business 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.
 
In 2016 I posted on here that I thought that the U.S national debt was your greatest National Security threat. Even higher than China at the time. There is no doubt that there is ignorance, the same ignorance we have in Canada in regards to debt or covert police apparatuses.

It is far worse now. Americas enemies want America to go bankrupt and they have been largely successful promoting climate change b.s and other initiatives to hurt Americas economy.


Business 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.
Quick reminder: billionaires care less than nothing about you...
 
Better question is which side of the aisle among American voters care more about the American debt? How do we spend our way out of debt???
 
In 2016 I posted on here that I thought that the U.S national debt was your greatest National Security threat. Even higher than China at the time. There is no doubt that there is ignorance, the same ignorance we have in Canada in regards to debt or covert police apparatuses.

It is far worse now. Americas enemies want America to go bankrupt and they have been largely successful promoting climate change b.s and other initiatives to hurt Americas economy.


Business 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.
As of October 2024 it costs $82 billion to maintain the debt, which is 14% of the total federal spending in fiscal year 2025.
 
$1T per year on interest alone is more than you spend on your military, by far.

Meanwhile both sides just crank out massive Omni Bills or whatever you call them
$82 Billion isn't a trillion. Like 8.2 per cent of a trillion. That is the service on the debt. The only answer is to reduce spending. I would love to see one of these guys get a balanced budget amendment in the works.
 
Ask any politician windbag in Washington, we can borrow and spend money forever YEEHAHHHH
 
$82 Billion isn't a trillion. Like 8.2 per cent of a trillion. That is the service on the debt. The only answer is to reduce spending. I would love to see one of these guys get a balanced budget amendment in the works.
I'm sorry but we are way past spending cuts fixing the problem. Our only hope at this point is historic economic growth. Generate trillions more each year then maybe.
 
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