Driving Toward a Cliff

JPMorgan CEO Jamie Dimon has issued a warning about the surging national debt in the United States, expressing fears of a potential "rebellion" in response to the mounting crisis. During a panel discussion, Dimon highlighted the increasing debt-to-GDP ratio, which is projected to exceed 100 percent and soar to 130 percent by 2035. He also emphasized the global implications of the situation, as foreign holders own $7 trillion of US government debt, and expressed concerns about the drastic rise in the national debt over the next three decades. Former Republican Speaker of the House Paul Ryan echoed Dimon's apprehensions, describing the escalating debt as "the most predictable crisis we've ever had." Experts are urging policymakers to confront the situation proactively to avoid dire consequences for the nation.