Elon Musk Warns U.S. Debt Interest Imperils Spending; Bitcoin Solutions Proposed

Elon Musk says interest payments now consume 25% of U.S. government revenue. U.S. national debt rises by $1 trillion every 180 days. Experts are proposing that Bitcoin could be a solution for U.S. economic woes. Elon Musk has warned about the mounting U.S. national debt, stating that interest payments consume 25% of all government revenue. In a post on X, he expressed concern that if current deficit spending rates continue, the federal government will soon find itself unable to fund anything beyond these debt interest obligations. According to Musk, this fiscal trajectory threatens essential programs such as Social Security, Medicare, and national defense. He described the situation as a tipping point, saying, “There will only be money for interest payments and nothing else.” Debt Levels Soar: $1 Trillion in New Debt Every 180 Days Musk’s warning comes as the U.S. national debt nears $37 trillion. Interest on this debt exceeds $100 billion each month, totaling roughly $1.2 trillion per year. Official figures also show a budget deficit of over $2 trillion and total federal spending surpassing $7.1 trillion. Related: Elon Musk Pushes GDP Growth S… The post Elon Musk Warns U.S. Debt Interest Imperils Spending; Bitcoin Solutions Proposed appeared first on Coin Edition .

Source: Coin Edition