Larry Fink says America's $35 trillion national debt will be a 'big burden on the backs of our children' unless the private sector is given room to grow
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Larry Fink, CEO of BlackRock, warns that America's national debt of $35 trillion will burden future generations unless the private sector is allowed to grow. Fink joins other CEOs such as Jamie Dimon of JPMorgan and Brian Moynihan of Bank of America in expressing concerns about the country's spending and ability to service its debt. The main concern is the debt-to-GDP ratio, which is projected to rise from 99% to 122% by 2034. Fink advocates for economic growth to offset the debt rather than curbing spending. He emphasizes the need for unfettered businesses and private sector growth to create jobs and opportunities.
#LarryFink #NationalDebt #PrivateSector #EconomicGrowth #DebttogdpRatio
https://fortune.com/2024/07/16/larry-fink-national-debt-burden-future-generations/
Fortune /
npub1v7…9v0r4
2024-07-16 11:00:45
Author Public Key
npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-07-16 11:00:45Event JSON
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"content": "Larry Fink says America's $35 trillion national debt will be a 'big burden on the backs of our children' unless the private sector is given room to grow\n==========\n\nLarry Fink, CEO of BlackRock, warns that America's national debt of $35 trillion will burden future generations unless the private sector is allowed to grow. Fink joins other CEOs such as Jamie Dimon of JPMorgan and Brian Moynihan of Bank of America in expressing concerns about the country's spending and ability to service its debt. The main concern is the debt-to-GDP ratio, which is projected to rise from 99% to 122% by 2034. Fink advocates for economic growth to offset the debt rather than curbing spending. He emphasizes the need for unfettered businesses and private sector growth to create jobs and opportunities.\n\n#LarryFink #NationalDebt #PrivateSector #EconomicGrowth #DebttogdpRatio\n\nhttps://fortune.com/2024/07/16/larry-fink-national-debt-burden-future-generations/",
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