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The founder of Bridgewater associates, Ray Dalio, analyzes the United States debt response in ‘The Claman Countdown’.
The billionaire Ray Dalio, founder of Bridgewater Associates, sounds the alarm of chronic expenditure of the United States, the national debt that is close to $ 37 billion, combined with a deficit of $ 2 billion that can globe with the “great beautiful bill” of President Trump “.
“We are spending 40% more than we are assuming and this is a chronic problem. Therefore, what it is seeing is that the payments of the debt service begin to be squeezed, not starting, until it squeezes. Therefore, it is as the plate in the arteries of the arteries squeezing the purchasing power. And, as the numbers can do, it may see that it can see that it can have an economic heart as the result of the result of the result of the result of the result of the result of the result of the result of the result of the result of the result of the result of the result of the result of the result of the result of which is very soon that the position is the debt debt.
Almost a third of the $ 36t national debt needs to refinance as Trump requires feats
Dalio also described a way to relieve economic credit crunch.
“We are at a juncture at this time that, if we can, soon, very soon, although the economy remains good, reduce the 3% deficit of GDP, which is possible. It only has to change a couple of things, change the expense by four percent, change fiscal income by four percent, then it will have a lower interest rate as a result. This is possible. 3%.
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The Congress Budget Office estimates that Trump’s tax bill could raise the deficit to $ 2.77 billion. The White House has retreated the score and CBO estimates, saying that it does not take into account income, including what the tariffs are bringing. The former economic advisor of Trump Larry Kudlow, now host of the “Kudlow” of Fox Business Network, has also pointed out that the CBO has a fault and “subneged” story the first round of 2017 of 2017 of 2017 Taulion for $ 2.3 Crezones of $ 2.3 Cilusions Crezones.
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The bill continues to arrive through Congress and is expected to be on the president’s desk before July 4.
