WASHINGTON, May 3.If the United States does not deal with the national debt, the dollar will be worth nothing, wrote businessman Elon Musk on the social network X.
«We need to do something with our national debt, otherwise the dollar will be worth nothing,” the publication says.
The businessman noted that it is necessary to at least slow down the growth of public debt.
As predicted by the International Monetary Fund (IMF), the US national debt in 2024 will exceed 123 percent of the country's GDP and will continue to grow over the coming years, reaching a level of almost 134 percent in 2029. m.
At the same time, Alexey Mozhin, executive director for Russia at the IMF, said in an interview that rich countries, including the United States, found themselves in a “hopeless” situation due to problems with public debt.
During Joe Biden's presidency, the US national debt has grown to an unprecedented level of more than $34.4 trillion, up from $28 trillion in 2021, when the politician took office as head of state.