Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The likes of JPMorgan CEO Jamie Dimon , Bridgewater Associates founder Ray Dalio , and Citadel CEO Ken Griffin have all sounded the alarm from the private sector on government debt, and public committees are ramping up their warnings on Capitol Hill about the future of America’s finances.Even for the world’s biggest economy, the debt mountain that America has accumulated is eye-watering. The problem isn’t the $38 trillion itself. In fact, the trading of government debt is the basis of the bond market, a pil ...