Elon Musk Warns US Is '1,000%' Going to Go Bankrupt as National Debt Surges Past $40 Trillion

America's $40T national debt is 'stealing from our next generation,' economist warns

The national debt topping $40 trillion and the looming insolvency of Social Security in 2032 require the urgent attention of policymakers to implement reforms, an economist warns.

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.

$40 Trillion Debt Threatens the Whole Economy

Lawmakers must quickly stabilize the debt, or risk bleak consequences for everyone.

Everyone will pay for federal debt because everyone benefitted

Compared to federal spending, the average American is downright frugal.

$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…