Elon Musk Issues Warning on Biden Admin’s Massive Deficit Spending

‘We need to do something about our national debt or the dollar will be worth nothing,’ Mr. Musk said.

President Joe Biden (L) at the White House in Washington, on July 8, 2022; Tesla head Elon Musk (R) talks to the press near Berlin on Sept. 3, 2020. Alex Wong/Getty Images; Maja Hitij/Getty Images

Tesla CEO Elon Musk has sounded the alarm on the Biden administration’s massive deficit spending, warning that unless steps are taken to slow down the growth of America’s national debt, the U.S. dollar will become worthless.

“We need to do something about our national debt or the dollar will be worth nothing,” Mr. Musk said in a post on X.