Drudge Retort: The Other Side of the News
Tuesday, October 14, 2025

J.P. Morgan'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 even under moderate growth. Despite tariff revenues and temporary deficit relief, he cautioned that political choices or a slowdown could quickly worsen the fiscal picture, urging investors to diversify away from U.S. assets before "going broke slowly" turns fast.

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Thanks Republicans!

#1 | Posted by Sycophant at 2025-10-14 03:02 PM | Reply


#2 | Posted by C0RI0LANUS at 2025-10-14 03:29 PM | Reply

Maybe another round of tax cuts for billionaires?

Where are our Trumpers who keep voting for billionaires tax cuts to cheer this on?

#3 | Posted by ClownShack at 2025-10-14 03:40 PM | Reply

Obviously what working families feel isn't important compared to what the Markets feel.

But they'll all get together at the end.

#4 | Posted by Corky at 2025-10-14 03:48 PM | Reply

The following HTML tags are allowed in comments: a href, b, i, p, br, ul, ol, li and blockquote. Others will be stripped out. Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Anyone can join this site and make comments. To post this comment, you must sign it with your Drudge Retort username. If you can't remember your username or password, use the lost password form to request it.
Username:
Password:

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy

Drudge Retort