{"id":7269,"date":"2024-01-28T19:54:26","date_gmt":"2024-01-28T14:24:26","guid":{"rendered":"https:\/\/cccfornews.com\/index.php\/2024\/01\/28\/jpmorgan-ceo-warns-united-states-speeding-toward-a-cliff-as-debt-continues-to-increase\/"},"modified":"2024-01-28T19:54:26","modified_gmt":"2024-01-28T14:24:26","slug":"jpmorgan-ceo-warns-united-states-speeding-toward-a-cliff-as-debt-continues-to-increase","status":"publish","type":"post","link":"https:\/\/cccfornews.com\/index.php\/2024\/01\/28\/jpmorgan-ceo-warns-united-states-speeding-toward-a-cliff-as-debt-continues-to-increase\/","title":{"rendered":"JPMorgan CEO Warns United States &#8216;Speeding Toward a Cliff&#8217; As Debt Continues to Increase"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-td-block-uid=\"tdi_82\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>JPMorgan Chase chairman and\u00a0CEO Jamie Dimon\u00a0says the United States is \u201cspeeding toward a cliff\u201d as the nation\u2019s debt continues to mount.<\/p>\n<p>Dimon issued the warning during a panel discussion at the Bipartisan Policy Center on Friday.<\/p>\n<p>When asked about the future economic status of the country if the federal government failed to come up with a solution for the debt, Dimon recalled how the economy looked in 1982, with inflation around 12%, the prime rate around 21.5% and unemployment somewhere around 10%, and the debt was around 35% of gross domestic product. <\/p>\n<p>The CEO noted that today, the debt-to-GDP ratio is above 100%, and said it is projected to reach 130% by 2035.<\/p>\n<p>\u201cIt is a cliff, we see the cliff,\u201d Dimon said. \u201cIt\u2019s about 10 years out, we\u2019re going 60 miles an hour [toward it].\u201d<\/p>\n<p>From <a href=\"https:\/\/www.foxbusiness.com\/politics\/jpmorgan-ceo-jamie-dimon-warns-us-driving-toward-cliff-debt-snowballs\">Fox News<\/a>:<\/p>\n<pre class=\"wp-block-verse\">The latest findings from the Congressional Budget Office indicate that the national debt will nearly double in size over the next three decades. By the end of 2022, the national debt grew to about 97% of gross domestic product. Under current law, that figure is expected to skyrocket to 181% at the end of 2053 \u2014 a debt burden that will far exceed any previous level. <\/pre>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/americanfaith.com\/jpmorgan-ceo-warns-united-states-speeding-toward-a-cliff-as-debt-continues-to-increase\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase chairman and\u00a0CEO Jamie Dimon\u00a0says the United States is \u201cspeeding toward a cliff\u201d as the nation\u2019s debt continues to mount. Dimon issued the warning during a panel discussion at the Bipartisan Policy Center on Friday. When asked about the future economic status of the country if the federal government failed to come up with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[]},"categories":[43],"tags":[],"_links":{"self":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/posts\/7269"}],"collection":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/comments?post=7269"}],"version-history":[{"count":0,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/posts\/7269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/media\/7270"}],"wp:attachment":[{"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/media?parent=7269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/categories?post=7269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cccfornews.com\/index.php\/wp-json\/wp\/v2\/tags?post=7269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}