Reduce cost of governance — Elon Musk on how US can avoid bankruptcy
[NigerianEye - Nigeria] - 17/02/2025
The United States of America billionaire and head of the Department of Government Efficiency, Elon Musk, has said51 the country must reduce federal spending to avoid slipping into bankruptcy.Elon Musk disclosed this in a video he posted on his official X account on Monday.According to him, all federal spending in the US stems from taxation, either through direct tax or inflation.“All federal spending is taxation. It is either direct tax revenue or inflation (they just print money). We have to reduce federal spending, or we will go bankrupt as a country,” he stated in the short video.This (…)
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