Ray Dalio warns of economic pain after Congress passes 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 corrected soon to bring in the budget deficit from about 7 % [gross domestic product] Dalio, founder of Bridgelotter Associated, wrote in a publication on Thursday, to about 3 % by making adjustments to spending, taxes and interest rates, which are likely to have great and painful disorders. “

Dalio said that the draft law, which 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.

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

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. He said that this would either reduce spending, tax increases “that cannot be imagined” or a lot of “printing, dismantling money and paying interest rates to low levels other than 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.”

parliament Speaker Mike Johnson, R does not. (Kevin Lietsch / Getty Images / Getty Images)

Last month, Dalio seemed to warn of chronic spending in America on “The Claman Countdown”, saying that the United States is heading to a “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.”

President Donald Trump is pumping his fist as he flying the first air force at Moreston Municipal Airport in Moreston, New Jersey, June 21, 2025. (Mandel NGAN / AFP via Getty Images / Getty Images)

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.

Get Fox Business on the Go by clicking here

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