Musk warned on X on Thursday local time that if U.S. debt continues to grow, the U.S. dollar will one day be worthless.
Musk was responding to an X userbaccaratextractThe latter shared a message that Trump's former national security adviser, McMaster, warned that the United States needs to double defense spending to 4% of GDP to deal with potential threats.
Musk responded: "baccaratextractWe need to do something about our national debt or the dollar will be worthless."
Another user commented: "The problem is that no government is willing to take on the national debt problem because a long-term solution could hurt the economy in the short term."
Musk responded: "Well, there's always something to give up. We should at least slow down debt growth."