3 reactions
JPMorgan CEO Jamie Dimon Says US Debt Will Spark 'Rebellion' in Markets - Markets Insider
It's not like the US needs to pay off the entire mountain of debt right away or that America's debt problem is unique. But it's a problem nonetheless. The more bloated the debt gets, the more the US needs to pay to service that debt — which could exceed the government's total revenue by 2030, according to the Congressional Budget Office.
And according to Dimon, the implications go far beyond that, as interest payments risk outstripping other areas of government spending.
"This is about the security of the world," he said. "We need a stronger military, we need a stronger America, we need it now."
#business
It's not like the US needs to pay off the entire mountain of debt right away or that America's debt problem is unique. But it's a problem nonetheless. The more bloated the debt gets, the more the US needs to pay to service that debt — which could exceed the government's total revenue by 2030, according to the Congressional Budget Office.
And according to Dimon, the implications go far beyond that, as interest payments risk outstripping other areas of government spending.
"This is about the security of the world," he said. "We need a stronger military, we need a stronger America, we need it now."
#business
1
1
1
| 27,000 mlx | |
| 31 | |
| 3 |