Ray Dalio America warns “an economic heart attack” of debt and spending

The billionaire, Ray Dalio, founder of Bridgewateer Associats, highlights the warning on American chronic spending, National debt is close to $ 37 trillion, Along with a $ 2 trillion deficit that may balloon with President Trump “One Big Big Bial”.

“We spend 40 % more than we take, and this is a chronic problem. So what you see is that debt service payments begin to press away, not start, and start pressing. So, it is like a plate in the arteries that press the purchase. The Claman Countdown” of the Fox Business Network.

Nearly a third of the 36T 36T debt needs to be referred to with discounts in Trump rates

Dalio also explained a way to relieve Economic credit crisis.

“We are at a turn now, if we can soon, very soon, while the economy is still good, it reduced the deficit to 3 percent of GDP, which is possible. You just have to change some things, change spending by four percent, and change the tax income by four percent, you will have a lower interest rate. 3 %.

Dalio on the United States: broken?

Can Trump have a fire on the Powell chair?

Congress budget estimates It can raise the tax bill on Trump, the deficit To $ 2.77 billion. The White House retracted the registration and training of CBO, saying that there is no revenue factor, including the definitions it brings. Former Economic Adviser Trump Larry Kudlow, now the “Kudlow” host of Fox Business Network, It has also indicated that the Central Bank of Oman has a history of the brand’s loss and “non -reported” in the first round of Trump’s tax cuts for 2017 by $ 2.3 trillion over the past seven years.

Get Fox Business on the Go by clicking here

The draft law continues to make its way through Congress and is expected to be on the President’s office by July 4.