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Elon Musk Warns US Is '1,000%' Going to Go Bankrupt as National Debt Surges Past $40 Trillion
Interest payments now top $1 trillion a year, more than Medicare spending for nearly 70 million Americans, officials said.
Summary by IBTimes UK
6 Articles
6 Articles
Elon Musk Warns US Is '1,000%' Going to Go Bankrupt as National Debt Surges Past $40 Trillion
Elon Musk's claim that the US is '1,000%' heading for bankruptcy has resurfaced after national debt topped $40 trillion, sharpening debate over inflation, interest and the dollar's future.
·United Kingdom
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$40 Trillion in Debt and the Interest Bill Keeps Growing - LewRockwell
The United States has crossed $40 trillion in gross federal debt, and Washington will treat it as another unfortunate milestone before returning to the business of spending money it does not have. The more immediate problem is what it costs to carry that debt. Treasury’s figures show approximately $1.17 trillion in gross interest expense through July, just ten months into fiscal year 2026. That works out to roughly $117 billion a month, or $3.85…
Coverage Details
Total News Sources6
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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