American billionaire, entrepreneur, founder of Tesla and Neuralink Elon Musk said that the United States is rapidly going bankrupt.
As Musk pointed out, the country's interest payments on its national debt have become higher than its defense budget.
In a conversation with the press, the billionaire stated: “The state needs significant reforms,” as reported by Moskovsky Komsomolets .
According to the businessman, if Republican presidential candidate Donald Trump wins the election, the introduction of changes will become possible.
Assessing the situation
Musk noted: "If Trump wins, we will be able to make a rare reduction in the size of government."
According to the founder of Tesla and Neuralink, the state needs appropriate reforms to avoid final bankruptcy.
The billionaire also noted that the Defense Department's budget itself is very large and amounts to $1 trillion per year.
Accordingly, according to Musk, the fact that interest payments on the US government debt exceed the Department of Defense budget indicates significant problems.
