This is the best summary I could come up with:

A boiling frog situation is one in which people fail to act on a potential problem that grows over time, causing it to become more severe until it eventually bubbles over.

It's an issue that has worried economists for years, and calls for something to change have grown louder as the government continues to borrow at record volumes.

The debt picture will only worsen in the coming years, according to the Congressional Budget Office, which estimates that the US's entitlement spending, mandatory spending, and net interest payments on the debt will exceed the government's total revenue by the early 2030s.

"The problem for the US is the starting point; every round of fiscal stimulus brings the US one step closer to debt unsustainability," JPMorgan strategist Michael Cembalest said.

"However, we're accustomed to deteriorating US government finances with limited consequences for investors, and one day that may change (the boiling frog analogy)," Cembalest added.

Risks of a recession are still alive this year, Cembalest warned, though he noted that a coming downturn would likely be mild.

The original article contains 384 words, the summary contains 175 words. Saved 54%. I'm a bot and I'm open source!