Government overspending is to blame for inflation in America, the tech billionaire has argued The US is rapidly moving towards bankruptcy because the government in Washington is spending too much money, Tesla and SpaceX CEO Elon Musk has warned. On Thursday, Musk shared a post on his X (formerly Twitter) platform by another user, who cited a forecast from the US government budget for fiscal year 2025 that said that the budget deficit could increase from the current $1.8 billion to almost $16.3 billion by 2035. "At current rates of government spending, America is in the fast lane to bankruptcy,” Musk wrote. The tec
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