BUSINESSFORTUNE
‘A fantastic amount of money to have borrowed’: a top Wall Street wealth advisor is stunned by the national debt
Greg Fleming, CEO of Rockefeller Capital Management, expressed concern over the U.S. national debt nearing $40 trillion, noting federal interest payments now exceed defense spending. He highlighted annual GDP deficits of 5-7% and warned of long-term fiscal challenges, even as AI adoption and productivity gains could offer partial relief.
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