Ray Dalio warns America faces ‘economic heart attack’ from debt and spending

The billionaire Ray Dalio, founder of Bridge, Associated, highlights the chronic spending alert in America, the national debt that approaches $ 37 trillion, along with a deficit of $ 2 trillion that may be able to Balloon, President Trump, “one is a beautiful big”.

“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 alleviate the 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 %.

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The congress Budget Office estimates that Trump’s tax bill may rise to $ 2.77 billion. The White House retracted CBO records and estimates, saying that it is not treated in returns, including the definitions it brings. Former Trump’s Economic Adviser Larry Kudlo, who is now a host of Fox Business Network “, has also referred to seven Septeres of the advanced pieces of Train with seven Sefrat.

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