The “Great Money Show” panel discusses the impact of Trump's agenda on US taxpayers.
BRIDGEWATER Associates Ray Dalio's recent podcast said the United States could lead to the “economic heart attack” future Without the action of the government
He told Bloomberg's “many weird” podcasts that he wants to inform policymakers that “there is a solution here” that is “done” to deal with the government's deficit and debt crisis.
The founder of the Bridgewater Associates Ray Dalio said in a recent podcast that the United States could lead to the “economic heart attack” future Without the action of the government (Takaaki IWABU / Bloomberg through Getty Images / Getty Images)
“You can reduce this deficit to 3 % of GDP,” he allows the host of Joe Vental and Tracy. “Trump's tax cuts come in, the forecast will be about 7.5 % of GDP, and you have to reduce it to about 3 % of GDP because it means that debt does not increase in revenue, and this will greatly improve supply and demand.”
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The US government saw $ 1.8 trillion alone out of $ 6.75 trillion in costs in 2024, while earning $ 4.92 trillion for each Treasury Department.
Dalio told “strange number” that the United States “is completely close to that point” is a debt of a spiral. Without action, he suggested that the country could be a “Heart attack“In” three years happen, give or spend a year, something like that. ”
US national debt is currently standing At a price of $ 36.2 trillionAccording to the Treasury Department. It first crossed $ 35 trillion in the summer of last year.
New budget forecasts show that in 4 years show us a record of debt: CBO
The founder of the Bridgewater Associates said of the US deficit and debt, “If you do not, you will have trouble.”
The US government saw $ 1.8 trillion alone out of $ 6.75 trillion in costs in 2024, while earning $ 4.92 trillion for each Treasury Department. (Saul Loeb / AFP through Getty Images / Getty Images)
He had gone to Bloomberg's podcast to discuss the debt cycle and talk about his future book “How Countries Fail”. It is for freedom in early September.
Dalio, which Established Bridgewater According to Forbes, about 50 years ago, it costs $ 14 billion.