Part 3/8:
In discussing the issue of national deficits, Dimon stressed that while it is a pressing concern, the priority should be to stimulate economic growth. He stated that both the bond markets and the overall economy would have difficulties if growth did not accelerate. Dimon reiterated that the focus should not solely be on cutting spending but also on effective allocation of resources to create efficiency.
Furthermore, he pointed out that a smaller deficit could be achieved through the promotion of business-friendly policies. By ensuring that American businesses thrive, especially small enterprises, the economy can grow, ultimately leading to better deficit management.