Ray Dario warns America is facing an “economic heart attack” from debt and spending
Bridgewater Associates founder Ray Dalio discusses the “Craman Countdown” response to US debt.
Billionaire Ray Dalio, founder of Bridgewater Associates, is alarming American chronic spending. Government bonds close to $37 trillion, It is combined with President Trump’s “one big beautiful bill” and the $2 trillion deficit that could swell.
“We spend 40% more than we’re working on, which is a chronic problem. So what you’re looking at is that debt service payments don’t start squeezing hard, they’re squeezing out, rather than squeezing out. Network’s “Kraman Countdown.”
A third of national debt of 36T$36T needs to be refinanced as Trump demands interest rate cuts
Dario also outlined the path to making it easier Financial trust crunch.
“We’re going to cut the deficit to 3% of GDP right now, immediately, while the economy is in good condition. This is possible. This is possible. This is only possible. This is just a few things change. 3% doesn’t do that, and maybe it’s like a plaque building in the mind.
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Parliamentary Budget Office Estimates Trump’s tax bill could lift the deficit Up to $2.77 billion. The White House pushed back the CBO’s scoring and estimates, saying it didn’t take into account revenues, including what tariffs bring. Larry Kudlow, currently host of “Kudlow” on Fox Business Network; It also points out that CBOs have a history of missing out on the mark, and over the past seven years they have “underreported” the first round of Trump’s 2017 tax cuts.
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The bill continues to pass through Congress and is expected to be at the president’s desk by July 4th.