Tesla Inc. and SpaceX Chief Executive Officer (CEO) and X Corp. Chairman Elon Musk warned about the rise in federal government spending, adding it could lead the United States to bankruptcy.
"Federal government spending will bankrupt the country, unless action is taken to reduce government waste," Musk tweeted. "This is what causes inflation!"
In his post, Musk attached a chart depicting the increase in the US national debt throughout the years.