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US will go bankrupt: Musk criticises high trade deficit, tax expenditure

Business Standard LogoBusiness Standard2d ago

US will go bankrupt: Musk criticises high trade deficit, tax expenditure - Business Standard

Quick Summary:

In the interview, Musk said that they are trying to restore the will of the people through the president and if the will of the president, who is the representative of the people, is not implemented, it implies that they do not live in a democracy but bureaucracy.

Criticising the USAID spending, he added, "I think the average taxpaying American should be mad as hell because their tax money is being poorly spent."Well, the -- the overall goal is to try to get a trillion dollars out of the deficit.

When asked about Democrats' criticism over DOGE cuts, Musk said, "Why are they reacting like this...Well, I guess...if we're the target, we're doing something right.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 13:08:07 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1355 words

Reading Time: 8 minutes read

Sentences: 67 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26268133

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 367 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/us-will-go-bankrupt-musk-17399518152289

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