The founder of Bridge, Ray Dalio, says it will get more difficult to sell our debts

Bridgewateer Associats has long warned the American financial path in a dangerous road due to its national debt of $ 37.5 trillion – with additional interest payments of $ 1.13 trillion for the fiscal year 2025 so far.

But Dalio, speaking at the China World Forum in Singapore this week, does not believe that the United States is in a position that allows it to retract its spending.

Economists are not concerned about the amount of US national debt in itself, and more than the debt ratio to GDP. If the state is borrowing at a rate that exceeds its growth, the investors will start at some point in questioning the security of the returns on the debts they keep.

This may lead to either investors from buying debts, or demanding payment payments of higher interest in risk compensation. Of course, the Central Bank in the country can also help in the last option with quantitative mitigation – print more funds mainly to reduce the value of debt.

Therefore, governments have two options to balance the debt to the gross domestic product: reduce spending or increase economic growth.

He said during the committee, it seems that Dalio, 76, believes that cutting off the spending is not an option for the American government, “it cannot back away from its spending for various reasons.” For each Bloomberg.

The burden of US national debt is not attributed to one side of the political or other spectrum: it has been added by departments from both parties. However, the Law of the Law of President Trump is the beautiful, which raised the eyebrows, even among its supporters.

The CBO budget office estimates that it will almost add 3.4 trillion dollars for national debtAlthough between 2025 and 2035 the tariff It will meet $ 3.3 trillion of it.

actually, CBO forecast for 2025 The United States will spend nearly $ 7 trillion this year, but it will only bring $ 5 trillion. This gap expides over time – grows to $ 10.7 trillion in spending by 2035 and 8.03 trillion dollars created in revenue.

“The market in the world does not have the same type of demand for this debt, and this creates a defect in demand,” Dalio said. He did not blame a governmental or other policy, saying that religion is just a “human nature.”

“A greater realization of problems”

Despite the concern about the Trump administration policies, the White House recognized the issue of national debt and began to describe the ideas that are generated in revenues to compensate. Definitions, of course, being one of them.

Another is Trump “Gold Cards” The visa policy that would receive wealthy immigrants $ 5 million each for the benefits of green cards privilege “in addition to a way to citizenship.” Trump previously suggested that he could sell millions of cards, adding: “Its one million cards are 5 trillion dollars, and if you sell 10 million cards with an area of ​​$ 50 trillion.

He pointed out that he will get 15 trillion dollars “leave” if he can sell 10 million cards, adding: “It may be allocated to reduce the deficit, but in reality it may be more money than that.”

While mathematics in the plan leaves some outstanding questions (the majority of millionaires already live in the United States, as a result, the size of people who have a clear is at least $ 5 million to buy one card that may be difficult for the dish).

While Professor Warton Joao Gomez calls Trump’s “strange” methods, he was previously told luck: “You cannot also deny that (Trump and its management) bring strange forms of revenues that change the debt image.”

Dalio added that he also sees a more honest planning than the White House, adding: “Talking to Secretary Bessent and people in management, there is a greater awareness of these problems and more recognition to be able to deal with them more than it was before, many.”

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