Elon Musk gives another ‘America will go bankrupt’ warning, quoting post saying 'wishing DOGE to fail is wishing America to ...'

Tesla CEO Elon Musk has once again voiced his concerns over US government spending. In a post on microblogging site X (formerly Twitter), Musk warned that America will go bankrupt if federal spending is not controlled. Musk quoted a post by Canadian-American venture capitalist and entrepreneur Chamath Palihapitiya that said that anyone “wishing DOGE to fail” is “wishing for America to default”.
“Make no mistake, just like in a private company, these are losses. America is deeply unprofitable, far away from breaking even and if outsiders stop lending us money, we will go bankrupt. So, in case you didn’t know better, if you are still wishing DOGE to fail, you are wishing for America to default,” Palihapitiya wrote in the post.
Musk quoted the post, saying “If the federal spending deficit is not fixed, America will go bankrupt”.


This is not the first time Musk was warned against bankruptcy in America. Speaking in an interview with Fox News on February 19, 2025, Musk criticized wasteful government expenditures and urged taxpayers to recognize the financial mismanagement affecting the country's economy.
During the discussion, Musk emphasised that the United States is running a USD 2 trillion annual trade deficit, which he described as “insane.” He compared the country’s economic situation to that of an individual, stating that if overspending continues, financial collapse is inevitable. Former U.S. President Donald Trump, who also participated in the interview, agreed with Musk’s concerns and highlighted excessive spending by the previous administration. Trump blamed waste, fraud, and abuse in government programs, arguing that funds were mismanaged on initiatives such as the Green New Deal, which he referred to as the "greatest scam in U.S. history."

In an interview, Elon Musk criticized U.S. foreign aid and financial policies, arguing that taxpayer money is being misused. According to ANI, he claimed that government-funded programs often suffer from waste, fraud, and abuse, leading to inefficient resource allocation.
Former President Donald Trump echoed Musk’s concerns, stating that his administration inherited a $2 trillion trade deficit due to previous spending policies. He pointed out cases where government contracts continued long past their intended terms, allowing individuals and companies to receive payments unnecessarily.
Key points from the discussion included excessive foreign aid spending, financial fraud in government contracts, and bureaucratic inefficiency, which both Musk and Trump argued hinders economic reforms.