BlackRock CEO warns: US$36 trillion in national debt could 'crush' the economy
BlackRock CEO Larry Fink warned at the 2025 Forbes Summit that the United States will "drown" in debt unless it finds ways to stimulate and develop the economy.
Fink pointed out that U.S. national debt has grown from $8 trillion in 2000 to the current $36 trillion, with an expected additional $2.3-2.4 trillion to be added by the upcoming tax bill. He emphasized that if the U.S. cannot achieve a real growth rate of 3% annually, it will face a serious crisis.
Despite the grim situation, Fink proposed solutions, including releasing more private capital, simplifying permit processes, rebuilding infrastructure, and addressing the anticipated shortage of 500,000 electricians. He stated that the foundation for growth still exists, but if the U.S. continues to hover around 2% economic growth, the national debt will eventually crush the country.
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