Wall Street Is Sounding the Alarm on U.S. Debt. This Time, It’s Worth Listening.
"‘You are going to see a crack in the bond market,’ warns Jamie Dimon. He has plenty of company.
"...the math is getting daunting, with interest payments blowing past $1 trillion.
"Three years, give ot take a year, to avoid an economic heart attack"
We won't be able to save kids and all that so called necessary spending if it all comes crashing down, so cutting now is the long term humanitarian solution, regardless of short term struggles you can point to.
Link: https://www.wsj.com/finance/investing/wall-street-bond-market-us-debt-990e12e9