Elon Musk Warns That Interest Payments on U.S. Debt Threaten Spending; Bitcoin-Based Solutions Proposed

Elon Musk has warned about the growing U.S. national debt, stating that interest payments are consuming 25% of all government revenues. In his post on X, he expressed concern that if the current rates of deficit financing continue, the federal government will soon be unable to fund anything other than these debt interest payment obligations.

According to Musk, such a financial trajectory threatens important programs like Social Security, Medicare, and national defense. He characterized the situation as a turning point, stating, 'There will be money only for interest payments and nothing else.'

Musk's warning came at a time when the U.S. national debt is approaching $37 trillion. Interest on this debt exceeds $100 billion a month, amounting to approximately $1.2 trillion a year.