Elon Musk Sounds Alarm: “U.S. Heading Toward Bankruptcy”

Tech innovator and billionaire Elon Musk has issued a stark warning about the U.S. economy, cautioning that it could face bankruptcy if immediate action isn’t taken. Speaking on The Joe Rogan Experience podcast, Musk detailed his concerns about the country’s growing financial instability.

“The national debt has reached $36.17 trillion,” Musk said, emphasizing the dangers of ignoring the escalating numbers. He highlighted that the federal government now allocates 23% of its expenditures to interest payments—a figure he described as alarming and unsustainable.

“If this trend continues, a time may come when the entire national budget is consumed by interest payments alone,” he warned.

Musk pointed out that in the 2024 fiscal year, $1.1265 trillion was spent on interest payments alone, out of a total revenue of $4.92 trillion. These figures, he argued, highlight the growing financial strain on the federal budget.

Elon Musk’s comments are a call to action for U.S. policymakers and citizens alike. He has previously voiced concerns about the dollar’s future, stating in a July interview that the currency is on a path toward “destruction.”

Musk’s latest remarks amplify the urgency of addressing America’s debt crisis before it spirals further out of control. The question remains: can the nation take the necessary steps in time?