Elon Musk issues dire warning about America's $30+ trillion national debt

"Something has got to give," Musk tweeted

Updated: February 11, 2022 - 3:33pm

The Facts Inside Our Reporter’s Notebook

Tesla and SpaceX CEO Elon Musk is issuing a dire warning about the record U.S. national debt, which has surpassed $30 trillion.

"True national debt, including unfunded entitlements, is at least $60 trillion – roughly three times the size of the entire US economy. Something has got to give," Musk tweeted Thursday night in response to a Babylon Bee article titled, "Biden Goes Double Or Nothing On National Debt By Placing $30 Trillion On The Bengals."

There is reportedly about $93 trillion of unfunded liabilities over 75 years. Unfunded liabilities are defined as promised benefits to individuals through entitlement programs such as Social Security and Medicare.

The $93 trillion figure is in addition to the rising national debt.

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