Elon Musk, who is the CEO of Tesla and SpaceX, stated on Thursday that the now record-high $30 trillion in national debt is completely unsustainable.
Musk was replying to a headline from the conservative comedy site Babylon Bee that said “Biden Goes Double Or Nothing On The National Debt By Putting $30 Trillion Bet On The Bengals” by saying there is nothing funny about the debt increasing under President Joe Biden.
“Real national debt, including any unfunded entitlements, is at least around $60 trillion — which is about three times the overall size of the whole US economy,” he said via Twitter.
“Something has to give.”
The Biden White House has continuously supported a liberal social spending agenda, and experts state that this has happened in spite of the terrible fiscal consequences, according to a new report. With Biden and his friends even taking their spending spree so far as to be nothing but a way to push far-left programs. One being the prevention of white farmers from receiving the covid-19 relief funds while farmers of other races got the help they needed.
If the $1.75 trillion BBB Act were passed with an extension of its measures, the American national debt would have gone up by 24% within the time frame of 30 years, as reported by the Penn Wharton Budget Model.
“People are stating we will give you free cars, free college, free cellphones, free this or that,” Senator Rand Paul, a Kentucky GOP member, stated last year as the debt ended on $30 trillion.
“Everything in life will be given away for free. You won’t need to work anymore,” he stated. “The problem is the ramifications. Money does not grow on trees — money’s has to come from somewhere.”
This comes at a time when inflation is through the roof and most Americans are suffering from high food, gas, and rent prices. Joe Biden and the Democrats have not only ignored the problem, they have only mentioned more spending plans that experts say will make the problem even worse. One would think that the are purposefully trying to destroy America.