Ray Dalio warns of economic pain after Congress has passed on the Trump spending bill

Congress has officially passed the president Donald Trump “A large and beautiful bill” and billionaire Ray Dalio warns of the potential economic consequences, which can include spending discounts, the main tax increase and enormous money printing.

“Unless this path is soon corrected to bring the budget deficit from about 7 % of (gross domestic product) to about 3 % by making adjustments to spending, taxes and interest rates, and was written as Thursday.”

Dalio The bill saidAnd, who is now heading to the president’s office to be signed in the law, is expected to lead to an annual deficit of $ 2 trillion, with revenues of about $ 5 trillion by spending about 7 trillion dollars.

This deficit of the national debt will increase over the next decade, which causes the debt, which is currently equivalent to about 230,000 dollars for each American familyTo about 425,000 dollars per family, beware of it.

America went to a “economic heart attack” on government debts, and the spending warns billionaire

Paying this debt will be increasingly expensive. The major interest and payments on debt will rise from about $ 10 trillion, which cost $ 1 trillion interest, to about $ 18 trillion, 2 trillion dollars will be an interest. This would either reduce spending, “unimaginable” Tax increases Or a lot of “printing money, reducing its value and paying interest rates to low levels, not contracting.”

“It should happen,” says billionaire Ray Dalio of alerting China, says Trump, who is re -negotiating commercial deals.

Dalio said: “This printing and reducing value is not good for those who carry bonds as a wealth store, and what is bad for bonds and American credit markets is bad for everyone, because the American treasury market is the backbone of all capital markets, which is the backbone of our economic and social conditions.”

Last month, Dalio seemed to alert the chronic spending of America on “The Claman Countdown” of the Fox Business Network, saying that the United States is heading to “Economic heart attack“

The billionaire hedge fund manager warns that the customs tariff may lead to the emergence of “worse stagnation” conditions

“We spend 40 % more than we take, and this is a chronic problem,” he said. “So, what you see is that the debt service payments that started to press away, and do not start, well, to press far away. Therefore, the plaque is like the arteries that press the purchase strength. Since you can do the numbers, you will see that you can suffer from an economic heart attack as a result.”

On Thursday afternoon, Congress approved a “major and beautiful bill” for Trump after successive sessions without sleep for the House of Representatives and the Senate. The draft law, which provides Trump’s policies on taxes, borders, defense, energy and national religion, acknowledged the representatives of the representatives often in a vote.

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All Republicans in the House of Representatives voted, Thomas Massi, RK, and Brian Fitzpathrick, R.B.