Elon Musk Predicts US Bankrupt If National Debt Is Not Improved

The 7th President of the Republic of Indonesia Jokowi met the President Director of Tesla Inc. Elon Musk. (Twitter @jokowi)

JAKARTA - Elon Musk said the United States (US) has the potential to go bankrupt if it does not change the situation related to increasing national debt.

This was conveyed by the President Director of Tesla Inc. in his X social media account, @elonmusk, Friday, December 27.

"We fix this or go bankrupt de facto," said Elon.

Elon's comments appeared in response to the regulated exchange and Kalshi's prediction market which issued the level of state debt through X.

We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd

— Elon Musk (@elonmusk) December 26, 2024

We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd

Kalshi said the US had serious expenditure problems

The current US national debt reaches 36 trillion US dollars and continues to grow

According to Kalshi, for the first time in decades, a potential solution will be clearly visible.

"The opportunity @DOGE to cut at least 250 billion government spending increased by 36 percent and 11 percent to cut 1 trillion US dollars," wrote the @Kalshi account.