The US isn’t heading for bankruptcy—claims like that are overblown. National debt is $36T, over 120% of GDP, but household net worth is $160T, nearly 5x the debt. Interest spending spiked to $882B in 2024, outpacing defense or Medicare, which is a real issue. To fix it: slash deficits by $5T over 10 years through targeted spending cuts or revenue hikes—tough but doable, per CBO projections. Economic growth must outpace borrowing costs to manage this long-term.