Musk Claims AI and Robots Are the Only Solution to U.S. Debt Problem
In a new podcast titled "The Builders," Tesla and SpaceX CEO Elon Musk stated that cutting government spending will not fundamentally solve the U.S. fiscal deficit issue, and that AI and robots are the only way to address the U.S. debt problem. Musk reflected on his experience at the U.S. Department of Efficiency, pointing out that Trump, Congress, and the judicial system lack a genuine willingness to cut government spending. He admitted that he spent too long on government affairs, stating that if he could choose again, his tenure should be shortened to one or two months instead of four, and he would have redirected his focus back to AI sooner. The U.S. Congressional Budget Office projects that the federal fiscal deficit will reach $1.9 trillion in fiscal year 2026 and further expand to $3.1 trillion by 2036.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Market Gives Only 17% Chance, Economists Call It "Fifty-Fifty": Is the Fed's October Rate Hike Suspense Severely Underestimated?

10-Year Yield Plummets 17 Basis Points in a Week! AI Trading Turmoil Rekindles Safe-Haven Attributes of U.S. Treasuries

Trump waives new Russia tariffs ahead of October 18 deadline

Federal Reserve Enters Quiet Period, Jensen Huang Attends GTC Berlin, Meta and Tesla Earnings in Focus

Arthur Hayes Points Out Quantum Computing Is Not a Reason for Bitcoin Sell-Off, Deutsche Bank Launches Crypto Custody

Crypto Companies Contribute $210 Million to Trump-aligned Committees Amid Regulatory Scrutiny

U.S. Treasury Department's Survey Fails to Signal Debt Reduction, Bond Yields Rise with 10-Year Yield Back Above 5.12%

U.S. Fiscal Year 2026 Budget Deficit Reaches $1.99 Trillion

Harvard University Fund Increases to $68 Billion, Achieving Best Performance in Five Years

$600 Million in Fake Trading Volume Exposes the Myth of the Prediction Market 'Truth Machine'

The Kobeissi Letter: Today's 'Invisible' Bear Market is 'One of the Most Significant Opportunities'

Who Will Take Over the U.S. Crypto Agenda After the Departure of Crypto Policy Advocate from the White House?

Former Trump Crypto Advisor Under Investigation for Potential Benefits from GENIUS Act

Bo Hines' $6.3 Million Deal with Tether Under Investigation

Trump's AI Task Force Holds First Meeting Focused on Cyber and Biosecurity

Bitget CEO Warns of New Decline in Cryptocurrency Market

Binance US reportedly seeks $100m at a valuation near $1b

Hyperliquid Plans to Introduce the Entire Financial Industry

Uncertainty in Trump’s Policies Drives Central Banks to Reallocate Gold, London’s Gold Reserves Near 10,000 Tons

Patrick Witt Leaves as Executive Director of the White House Crypto Council

White House Explores Acquiring Bitcoin Through Federal Funds to Expand Reserves

How the Shortage of Senior Officials at the SEC Could Facilitate Cryptocurrency Regulation?

EU Prepares 23rd Sanctions Package Against Russia Over Trump-Putin Diesel Agreement

Sam Price Observes Bitcoin Breaking Key Price Level

UK and US Coordinate AI Model Testing Permissions

US Prepares to Seize Iran's $1 Billion Crypto Assets

The Fed Reveals Its Cards and Long-Term Rates Begin to Calm

Trump Announces Energy Ceasefire Agreement Between Russia and Ukraine, Unconfirmed by Russia

Rising Bond Yields, But Interest Rates Remain Low? Outlook for Rate Hikes in South Korea Dims










