Elon Musk, the billionaire entrepreneur, was appointed by President Donald Trump to help reduce federal spending. Recently, during an official government meeting, Musk warned that the U.S. could go bankrupt if government spending doesn’t get cut drastically.
He pointed out that the country’s budget deficit had reached over $1.8 trillion last year and said it’s now crucial to lower federal expenses to prevent financial collapse.
Musk also shared that he’s received threats because of his efforts to reduce government spending, highlighting the pushback he’s facing.
These warnings come as the U.S. administration faces legal battles over the cost-cutting measures.
Some federal agencies have been forced to shut down, and employees are being laid off, leading to lawsuits against these actions.
Musk, who chairs the newly created Government Efficiency Committee, is seen as one of the most powerful figures in the current U.S. government.
He is pushing for policies aimed at reducing the size of the federal government and cutting down public spending.
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