WASHINGTON: US billionaire entrepreneur Elon Musk believes that the United States is going bankrupt ‘extremely quickly’, reported Sputnik.“America is going bankrupt extremely quickly,“ Musk said during a discussion on the All-In Podcast on Monday.The interest payments on the US national debt have exceeded the US defence budget, Musk said, noting that the US owes over a trillion dollars a year just in interest.The US national debt currently stands at about US$35 trillion, according to the US Treasury Department.The US has been in a state of chronic excess of expenditures over income for almost a century; the last time there was a long period of surplus was from 1920 to 1930. The only US leade
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