Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history-and experts say it could cost Americans their homes, spending power and national security

Source: finance.yahoo.com finance.yahoo.com

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In the late 19th century Alexander Hamilton wrote "national debt, if it is not excessive, will be to us a national blessing." A nice idea in theory, but America's governments since then haven't quite stuck to the plan. Instead, the U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio sitting at around 120%. Perhaps not the blessing the Founding Fathers had once envisioned. Now, alarm bells are beginning to ring with increasing frequency and volume. Jamie Dimon says Washington is facing a global market "rebellion" because of the tab it is racking up, while...