Elon Musk has endorsed Warren Buffett’s proposal aimed at tackling America’s rising national debt, now projected to approach $40 trillion. Buffett’s plan centers on swift action to curb deficits through targeted legislation, triggering renewed debate over fiscal discipline and who should be held accountable politically. The endorsement has amplified calls for faster, concrete debt control measures.
The US debt-to-GDP ratio hit 100.2% on March 31, meaning America’s national debt now exceeds the size of its entire economy. The $39 trillion burden is tied to rising interest payments that economists say will cost about $827 billion to fix—roughly matching the defense budget. Interest costs are nearly tripling since 2019, driven mostly by past borrowing.
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