Larry Fink says America's $35 trillion national debt will be a 'big burden on the backs of our children' unless the private sector is given room to grow

Larry Fink, chairman and chief executive officer of BlackRock (Credit: Jeenah Moon—Bloomberg via Getty Images)

As America's national debt nears the $35 trillion mark, BlackRock CEO Larry Fink has warned the country's growth must keep up in order to pay its bills—or risk passing on a huge, unaffordable burden to coming generations.

The United States's public debt is an issue that has been steadily climbing the national agenda: Jerome Powell believes it's "past time" to have an adult conversation about the issue, while JPMorgan CEO Jamie Dimon believes debt is the "most predictable" crisis facing the American economy.