United States reaches $37 trillion in debt!
The benchmark comes after the U.S. passed the $36 trillion debt threshold in November.
The United States on Friday reached $37 trillion in debt, less than a year after it surpassed $36 trillion.
Multi-billionaire Elon Musk, who is considered the richest man in the world, warned that the benchmark was around the corner on Tuesday, and that the United States was hovering on the edge of going "de facto bankrupt" because the interest payments on the U.S. debt account for 25% of all tax revenue.
"If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the national debt with nothing left for anything else," he posted to X.
The benchmark comes after the U.S. passed the $36 trillion debt threshold in November.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.
America is broke and headed for a disaster. The Great Depression will return. Stop spending on useless stuff. Save your money. Study how to eat healthy for less money. Learn how to grow your fruits and vegetables. Study nutrition. Eat chicken vegetable soup for breakfast and cut back on eggs.
ReplyDeleteHow does it end? They pass a law that forbids Democrats from running and serving in the US Senate or House of representatives until the Long term national debt is 50% of what it is now. Could take a century or more to work.
ReplyDeleteOctober 1929 happens thats what.
ReplyDeleteAmerica has a 37 trillion dollar debt and continuing to incur more expenses. Taxes are paid on time by all employees, yet the debt is continuing to increase. Change must come because we are headed for a Great Depression.
ReplyDeleteAmerican taxpayers are paying their taxes as required, but too much of our money is going to pathetic programs and gifts to foreign countries and providing health care to illegal aliens, to people who are nutritionally illiterate who eat every food they see that causes serious health problems, to women who use birth control pills that cause health problems, to women who use abortions as a form of birth control to murder their babies that causes health problems, and the list goes on to include drug users, alcoholics, sugar addicts, caffeine addicts, and so on that increases the cost of health care expenses paid by the government.
ReplyDeleteStop the spending and get rid of the 37 trillion dollar deficit. Teach and require people to learn how to live a healthy and disease free life.
The Medicaid debt would reduce if public schools and colleges taught people how to eat to remain healthy. For example they would learn that the kidneys have a hormone named Renin that produces salt and it is not necessary for people to overdose on salt that causes blood pressure problems. They would learn that green vegetables contain vitamin K that thickens the blood to prevent excessive bleeding or hemorrhages, while eating too much green vegetables or vitamin K over thickens the blood and causes clots that require expensive blood thinning prescription drugs to thin the blood, plus strokes and heart attacks can occur from thick clots.. Don’t eat too much green vegetables. Do the research.
ReplyDeleteThere are blood thinning vegetables that cause bleeding if excessive amounts are eaten. Do the research. Too much sugar causes too much sugar in the blood. The liver provides glucose which is sugar, and it is not necessary to overeat sugar and cause serious problems with the blood. Education is necessary to prevent serious health problems caused by overeating. It is our job to research health problems caused by overeating foods in order to remain healthy and live longer. Doctors will not teach you.