The Panel “Big Money Show” speaks of the influence of Trump’s agenda on US taxpayers.
Bridgewater Associates Ray’s founder said at the recent Podcast that they could now be directed toward a future “economic heart attack” without government action.
He said to Bloomberg’s Podcast “Surprisie Lots” that he wants to inform Creator Politics that “there is a solution” here, which is “feasible” for the resolution of the Government’s deficit and the upcoming debt crisis.
Bridgewater Associates Ray’s founder said at the recent Podcast that they could now be directed toward a future “economic heart attack” without government action. (Takaaki Iwabu / Bloomberg via Getty Images / Getty Images)
“You can lower that deficit to go to 3% of GDP,” explained Joe Weisenthal and Tracy Allayy to the hosts. “Trump’s tax reduction is coming, the projected deficit will be about 7.5% of GDP, and you have to reduce this to about 3% of GDP, as this will mean that the debts will not increase compared to incomes, which will greatly improve the offer and demand.”
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The US Government recorded a $ 1.8 trillion deficit in a fiscal 2024 year, which was deceased from $ 6.75, dollars of consumption, at the same time bringing revenues of $ 4.92 trillion per Ministry of Finance.
Dalio said “Odd Lots” that now “is quite close to that point of” the spiral of death death. Without action, he suggested that the country could see “heart attack“I have been answering in” three years, give it a year, a year, something like that. ”
US national debt is currently standing $ 36.2 trillionaccording to the Ministry of Finance. He exceeded $ 35 trillion during the summer last year.
New budget projections show that in 4 years we achieve a debt record: CBO
“If you don’t, you’ll be in trouble,” Bridgewater Associate founder said he was addressing the US deficit and debt.
The US Government recorded a $ 1.8 trillion deficit in a fiscal 2024 year, which was deceased from $ 6.75, dollars of consumption, at the same time bringing revenues of $ 4.92 trillion per Ministry of Finance. (Saul Loeb / AFP via Getty Images / Getty Images)
He went to Bloomberg Podcast to talk about the cycles of debt and talked about his upcoming book “How the Lands Breaky”. It is planned to release in early September.
Dalio, who Founded Bridgewater About 50 years ago, it has a net value of $ 14 billion, according to Forbes.
