The ‘The Big Money Show’ panel discussed the impact of Trump’s agenda on American taxpayers.
Ray Dalio, founder of Bridgewater Associates, recently said on podcast that America could move towards the future “economic heart attack”. Without government action.
He told Bloomberg’s “Aud Lots” podcast that he wanted to inform the policy makers that “here is a solution” is “notable” to address the government’s deficit and a adjacent debt crisis.
Ray Dalio, founder of Bridgewater Associates, recently said on podcast that America could move towards the future “economic heart attack”. Without government action. (Takaaki Iwabu / Bloomberg Getty Image / Getty Image)
“You can reduce that deficit, to go up to 3% of GDP,” he explained to the hosts Joe Vesanthal and Tracy letter. “Trump’s tax deduction, the estimated deficit will be about 7.5% of GDP, and you have to cut up to about 3% of GDP as this would mean that the loan will not grow relative to income, and it will greatly improve supply and demand.”
Get Fox Business when you click here
The US government saw a decrease of $ 1.8 trillion alone in the fiscal 2024, which according to the Treasury Department stems from $ 6.75 trillion in the expenditure of $ 4.92 trillion.
Dalio told “Odd Lot” that America is a loan of a loan death “near that point”. Without action, he suggested that the country could see “Heart attack“It happens in three years, give one year or take it, something like that.”
America’s national debt currently stands On $ 36.2 trillionAccording to the Treasury Department. This first crossed the mark of $ 35 trillion during summer last year.
The new budget estimates show us in 4 years by recording a loan record: CBO
“If you don’t do this, you are going to get into trouble,” the founder of the Bridgewater Associates said about addressing the US deficit and loan.
The US government saw a decrease of $ 1.8 trillion alone in the fiscal 2024, which according to the Treasury Department stems from $ 6.75 trillion in the expenditure of $ 4.92 trillion. (Through Saul Loaib / AFP Getty Image / Getty Image)
He went to Bloomberg Podcast to discuss debt cycles and talk about his upcoming book “How Country’s Go Broke”. It is slapped for release in early September.
Dalo, who Establishment of Brijwatter According to Forbes, about 50 years ago, there is a total assets of $ 14 billion.
