**🚨 URGENT UPDATE: US National Debt Interest Hits $1.16 Trillion! 💰**

The US Treasury Department is set to spend **$1.157762 trillion** on national debt interest in fiscal year 2024. This staggering figure underscores the growing financial burden as the government continues to issue Treasury bonds, bills, and other securities to borrow at interest.

By August, interest payments had already reached **$1.05 trillion**, with the remaining payments due as the fiscal year concludes. Notably, this debt interest is projected to be the third-largest expense this year, trailing only behind Medicare and Medicaid ($1.727 trillion) and Social Security ($1.520 trillion).

**Elon Musk's Warning:**

In a recent panel at the All-In Summit 2024, Elon Musk expressed grave concerns about the mounting deficit and the current national debt of **$35.3276 trillion**. He criticized the administration's portrayal of confidence in what he views as a catastrophic situation, stating, “It seems like everyone is whistling past the cemetery on this one.”

Musk highlighted that:

- The Pentagon budget is immense, with the Department of Defense and intelligence spending nearly **$1 trillion annually**.

- National debt interest has now surpassed the Defense Department budget.

- We are accumulating **$1 trillion** in debt every three months, a burden that future generations will bear.

Since January 1, the national debt has increased by **$1.337 trillion**, averaging a growth of **$445.67 billion** every quarter.

As the situation escalates, the need for awareness and action becomes more pressing.

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