Elon Musk, head of the U.S. Government Efficiency Commission (DOGE), warned in a White House briefing that the United States is on a path to bankruptcy unless it addresses its $2 trillion budget deficit.
“If we don’t take action on the deficit, the country will go bankrupt,” Musk stated, speaking alongside President Donald Trump, who appointed him to lead the commission.
Democrats Challenge Musk’s Role
The Democratic opposition has condemned Musk’s involvement, arguing that his appointment is illegitimate since he holds no elected office or official government position. Critics claim his authority over budget matters is unconstitutional and warn of potential legal challenges.
Growing Fiscal Concerns
The U.S. national debt surpassed $35 trillion in 2025, with increasing interest payments straining federal resources. While the Republican-led administration pushes for spending cuts, Democrats warn against reductions in social programs and infrastructure investments.
Musk’s role in shaping economic policy remains controversial, raising questions about corporate influence in government affairs and the future of U.S. fiscal policy.