America is ‘going broke slowly’ says JPMorgan, as national debt balloons and tariff revenue looks shaky

JPMorgan’s David Kelly warned this week that while America is “going broke,” it’s doing so slowly enough that markets aren’t panicking yet. With U.S. national debt now topping $37.8 trillion and interest payments exceeding $1.2 trillion, Kelly said the debt-to-GDP ratio—already at 99.9%—will likely keep rising...