Musk Claims America is on the Brink of Bankruptcy
Nearly 25% of U.S. tax revenue is used to pay interest on national debt, which has now reached $37 trillion.
Government annual fiscal revenue = $5 trillion. Government debt interest payments = $1.2 trillion.
Musk said: "If this continues, America will effectively go bankrupt, all tax revenue will be used to pay interest on national debt, leaving no money for other matters."