As America’s national debt nears the $35 trillion mark, BlackRock CEO Larry Fink has warned the country’s growth must keep up in order to pay its bills—or risk passing on a huge, unaffordable burden to coming generations.
The United States’s public debt is an issue that has been steadily climbing the national agenda: Jerome Powell believes it’s “past time” to have an adult conversation about the issue, while JPMorgan CEO Jamie Dimon believes debt is the “most predictable” crisis facing the American economy.
The likes of Bank of America CEO Brian Moynihan and Tesla CEO Elon Musk have also weighed in, voicing concerns about how much Uncle Sam is spending and how the nation will afford to service its debt.
Billionaire Fink has added his name to the growing chorus, telling Squawk on the Street this week: “This is my message not just to the U.S. but to every country right now: We have rising deficits, no one is spending enough time…
