Elon Musk, who leads the United States Department of Government Efficiency (DOGE), warned about the nation's rising debt. He pointed out that the national debt exceeds $30 trillion, not including future obligations or local debt, which makes the total much higher.
Speaking during a town hall event in which he handed out the promised $1 million checks, Musk compared the situation to a person going bankrupt, saying, that just like a person can go bankrupt, a country collectively goes bankrupt, essentially by "diluting the currency to where it's worthless."
Musk cautioned that if the government does not take "immediate, dramatic action" on spending, "eventually there won't be any money for anything—we'll just be paying interest."
