Elon Musk has recently issued a grim warning that America is headed towards bankruptcy due to its continually rising debts. He explained how the debt pattern of the U.S. government is approaching a point of no return, and if this trend continues, it would seriously damage the economic health of the nation. Musk reasserted that if government spending continues to surpass its income, the economic power of the U.S. can be destroyed. He has called for immediate action by the public and policymakers to implement efficient solutions to avert a gigantic economic and financial crisis. The problem may not only damage the U.S. economy but may also cause havoc to the international economy.