"In the absence of AI and robotics, we're actually totally screwed because the national debt is piling up like crazy,"
"It's the only thing that could solve the national debt. We are 1,000% going to go bankrupt as a country, and fail as a country, without AI and robots,"
"Nothing else will solve the national debt. We just need enough time to build the AI and robots to not go bankrupt before then."
The U.S. national debt stands at about $38.5 trillion, producing roughly $1 trillion a year in interest payments that exceed the military budget and top spending on Medicare. Current fiscal trends are characterized as unsustainable and likely to lead to national bankruptcy absent major productivity gains. Aggressive government spending cuts were pursued to reduce waste and fraud, although some critical staff were later rehired. Proposals to raise defense spending to $1.5 trillion could temporarily outpace interest costs. Large-scale deployment of AI and robotics is presented as the only viable means to boost GDP fast enough to avert fiscal collapse.
Read at Fortune
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