{"id":1939,"date":"2024-09-02T08:10:47","date_gmt":"2024-09-02T08:10:47","guid":{"rendered":"http:\/\/forefrontnews.cn\/?p=1939"},"modified":"2024-09-02T08:10:47","modified_gmt":"2024-09-02T08:10:47","slug":"musk-warned-in-a-post-that-the-us-was-on-thefast-track-to-bankruptcy","status":"publish","type":"post","link":"http:\/\/forefrontnews.cn\/?p=1939","title":{"rendered":"Musk warned in a post that the US was on the\u201cFast track\u201d to bankruptcy"},"content":{"rendered":"<p>Russia today (RT) reported on September 1 that Musk, a US entrepreneur, had warned that the US was on the\u201cFast track\u201d to bankruptcy because of excessive government spending.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1940\" title=\"273836d406c22d54612c42bab2a6820au1\" src=\"http:\/\/forefrontnews.cn\/wp-content\/uploads\/2024\/09\/273836d406c22d54612c42bab2a6820au1.png\" alt=\"273836d406c22d54612c42bab2a6820au1\" width=\"727\" height=\"406\" srcset=\"http:\/\/forefrontnews.cn\/wp-content\/uploads\/2024\/09\/273836d406c22d54612c42bab2a6820au1.png 727w, http:\/\/forefrontnews.cn\/wp-content\/uploads\/2024\/09\/273836d406c22d54612c42bab2a6820au1-300x168.png 300w\" sizes=\"(max-width: 727px) 100vw, 727px\" \/><br \/>\nMusk<\/p>\n<p>According to RT, Musk shared a user&#8217;s post on social media platform X on August 30, in which the user cited projections for the U.S. government&#8217;s fiscal 2025 budget data, the budget deficit is likely to grow from $1.8 billion today to nearly $16.3 billion in 2035.<\/p>\n<p>\u201cAt the current rate of government spending, the United States is on the fast track to bankruptcy,\u201d Musk wrote. \u201cExcessive government spending is the cause of inflation.\u201d.<\/p>\n<p>According to Xinhua News Agency on July 30 this year, \u201cEconomic growth can not keep up with the debt inflation\u201d\u201cThe heavy burden on future generations\u201d\u201cThe United States is heading for bankruptcy\u201d&#8230; &#8230; amid all the concern, the size of the U.S. federal government debt has broken through another psychological threshold: the latest data released by the U.S. Treasury Department on July 29 showed that the total amount of U.S. debt has reached $35 trillion for the first time, it is equivalent to the combined economic output of China, Germany, Japan, India and the United Kingdom. Some economists and historians worry that the current level of US debt has exceeded a number of dangerous indicators, leaving the US and the world vulnerable to future problems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia today (RT) reported on September 1 that Musk, a US entrepreneur, had warned that the US was on the\u201cFast track\u201d to bankruptcy because of excessive government spending. Musk According&hellip; <\/p>\n","protected":false},"author":1,"featured_media":1940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[263,257],"tags":[510,435,269],"views":68,"_links":{"self":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/1939"}],"collection":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1939"}],"version-history":[{"count":1,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/1939\/revisions"}],"predecessor-version":[{"id":1941,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/1939\/revisions\/1941"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/media\/1940"}],"wp:attachment":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1939"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}