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Story summary
- Elon Musk, Tesla CEO, warned the U.S. faces financial doom without AI and robotics and could prevent bankruptcy.
- He cited the $38.5 trillion national debt and said interest payments exceed the military budget.
- Musk predicted a deflationary impact from increased output.
- The U.S. dollar’s status as the world’s reserve currency provides some advantages.
- The Committee for a Responsible Federal Budget warned a fiscal crisis is likely without corrective measures.
