Elon Musk Warns of U.S. Debt Crisis Amid Rising Interest Rates

According to BlockBeats, Elon Musk has issued a warning regarding the United States' escalating national debt, which has reached $37 trillion. Speaking at the All In Summit, Musk highlighted that the interest payments on this debt have surpassed the Department of Defense's budget and continue to grow. He expressed concern that if artificial intelligence and robotics cannot address the debt issue, the situation could become dire. The surge in U.S. debt this year is attributed to significant spending during the pandemic and rising interest rates, which may lead to a potential dollar crisis.