Free Republic

U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio sitting at around 120%. Perhaps not the blessing the Founding Fathers had once envisioned. Now, alarm bells are beginning to ring with increasing frequency and volume. Jamie Dimon says Washington is facing a global market "rebellion" because of the tab it is racking up, while Bank of America CEO Brian Moynihan believes it's time to stop admiring the problem and instead do something about it.. The Black Swan author Nassim Taleb says the economy is in a "death spiral", while Fed chairman Jerome Powell says...

JPMorgan Chase CEO Jamie Dimon said that out-of-control spending in Washington that keeps adding to the growing pile of U.S. government debt threatens to trigger a reckoning in the form of a market “rebellion.” Mr. Dimon made the remarks while speaking on a panel at the Bipartisan Policy Center in Washington last week alongside former House Speaker Paul Ryan (R-Wis.), a self-proclaimed deficit hawk. At one point in the discussion, Mr. Ryan said that the “most predictable crisis we’ve ever had” is the looming debt spiral as the U.S. government faces increasing levels of indebtedness, threatening America’s ability to pay...