Jamie Dimon, who said the $34 trillion national debt was pushing U.S. off a ‘cliff,’ insists it’s ’vital’ to boost military spending

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Jamie Dimon’s annual shareholder letter came out on Monday, and its 61 pages are full of ideas that lean more political than financial. Dimon, who has seemed like a U.S. critic of late as he slams the national debt, comes off as an ultra-patriotic cheerleader in his latest missive. 

Every time he sees the American flag, he wrote to shareholders, “it reminds me of the values and virtues of this country and its founding principles conceived in liberty.” The particular values he’s emphasizing: more military spending to ensure America’s world leadership, diversity, equality and inclusion initiatives, and, perhaps unsurprisingly, more growth for banks.  

After securing the helm of JPMorgan Chase as CEO 20 years ago, Dimon has been adding “national thought leader” to the list of roles he dabbles in as a financial boss. He’s had private talks on the economy with former presidential candidate Nikki Haley, although…

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