Wealthy businessman Elon Musk has sounded the alarm about America’s huge national debt, warning that the US dollar will become worthless unless action is taken to address the issue. .
Musk: “If we don’t do something about the national debt, the dollar will lose its value.” tweeted.
According to the report, the country’s national debt is more than $34 trillion. fiscal data.finance.gov.
Reply to Mr. Musk, Ed Klassenstein I have written“The problem is that no administration wants to tackle the national debt problem because long-term solutions are likely to hurt the economy in the short term.”
“Well, something has to give. At least slow down debt growth,” Musk said. answered.
Republican Sen. Rand Paul of Kentucky was suggested He said the national debt was the “greatest threat” to America’s national security and warned: “With this crazy extravagance, we are threatening the very existence of our currency, and perhaps the very existence of our country.”
Republican Sen. Mitt Romney (Utah), Democratic Sen. Joe Manchin (West Virginia), Republican Rep. Bill Huizenga (Michigan), and Democratic House members said, “The national debt is the largest debt our country faces.” “This threat is rapidly approaching a crisis point.” Scott Peters of California declared in a joint opinion. piece Posted on Hill. “It’s time for Congress to put the nation’s interests ahead of political expediency and put us on sound fiscal footing before it’s too late.”
Wyoming Republican Sen. Cynthia Lummis also expressed The view that “our nation’s debt is the greatest threat facing our nation today.”
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