High US National Debt Jeopardizes National Security, Robs Americans of Spending Power: Professor

With the U.S. national debt exceeding $34 trillion, concerns are rising about the threats it poses. JPMorgan Chase CEO Jamie Dimon calls the situation the most predictable crisis in U.S. history—a sentiment Michael Busler, a finance professor at Stockton University, agrees with. Mr. Busler points out that the interest on the debt is already approaching the level of the U.S. defense budget, and that interest rates will increase further due to the debt, making it harder for Americans to purchase a home or a car.