This is something that will probably be lost in the churn of the news cycle because most people don’t understand it, but it’s actually really bad for the US government. The reason this country has been able to get by with such a large debt until now was that the interest was kept low by the fact that lending money to the US was seen as very safe. A change in that status quo could bring the whole house of cards crashing down with calamitous results.

Watch Trump give lucrative disaster response contracts to private companies owned by his biggest donors. Maybe Musk will dump a bunch of cybertrucks on the government somehow.

Yeah, that’s all true, but on the other hand there’ll probably be a lot of money to be made for a while there, so who’s to say whether it’s bad or good overall.