Elon Musk said that the savings will not save the US from the debt crisis

American entrepreneur Elon Musk believes that it is possible to cope with the growing US public debt with the help of artificial intelligence and robotics. In his opinion, reducing costs will not solve the problem. The billionaire stated his position in an interview with biographer Walter Isaacson.

Elon Musk said that the key tool to overcome the debt problem of the United States should be advanced technology. The entrepreneur believes that traditional austerity measures will not give the desired result.

The only way to solve the public debt problem is through artificial intelligence and robots. We will not solve it by trying to save, Musk said in an interview with Walter Isaacson.

The announcement comes amid an increase in U.S. government borrowing. According to the above data, the US national debt exceeded $ 40 trillion. The statutory borrowing ceiling is $41 trillion,103 billion. Further increase will require a congressional decision.

The forecasts also indicate a continued increase in the debt burden. Analysts estimate, based on the current rate of debt increase, that by 2030 the US national debt will exceed $50 trillion.

The Congressional Budget Office predicts that by 2036, government borrowing will reach a level 20 percent higher than the country’s gross domestic product.

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