America headed for ‘financial coronary heart assault’ on authorities debt, spending warns billionaire

Bridgewater Associates founder Ray Dalio discusses responding to the U.S. debt on ‘The Claman Countdown.’

Billionaire Ray Dalio, founding father of Bridgewater Associates, is sounding the alarm on America’s continual spending, nationwide debt nearing $37 trillion, mixed with a $2 trillion deficit that will balloon with President Trump’s ‘One Big Beautiful Bill.’ 

“We’re spending 40% more than we’re taking in and this is a chronic problem. So what you’re seeing is the debt service payments beginning to squeeze away, not beginning, well into squeezing away. So it’s like plaque in the arteries squeezing away buying power. And as you can do the numbers you will see that you can have an economic heart attack as a result of that That we’re going to very soon get to the position that you need debt to pay the debt,” mentioned Dalio on FOX Enterprise Community’s ‘The Claman Countdown.’

NEARLY ONE-THIRD OF $36T NATIONAL DEBT NEEDS REFINANCING AS TRUMP DEMANDS RATE CUTS

Dalio additionally outlined a pathway to ease the financial credit score crunch. 

“We are at a juncture right now that, if we can, soon, very soon, while the economy is still good, cut the deficit to 3% of GDP, which is possible. You only have to change a couple of things, change spending by four percent, change tax income by four percent, then you’ll have a lower interest rate as a result. This is possible. It was done between 1991 and 1998, that balance, if everybody gives a little bit, there’s a possibility of being able to get it down to 3%. If you don’t do that, and we probably won’t do that, It is like the plaque building in the heart. And so we are now then going to have not only more debt and more debt service encroaching on our spending, But it’s also going to mean that we’re going to have a supply-demand problem,” he mentioned. 

DALIO ON THE U.S.: GOING BROKE?

Bridgewater Associates founder Ray Dalio unpacks the potential influence of battle within the Center East the the markets on ‘The Claman Countdown.’

CAN AND WOULD TRUMP FIRE FED CHAIR POWELL?

The Congressional Finances Workplace estimates Trump’s tax invoice may raise the deficit to $2.77 billion. The White Home has pushed again on the CBO’s scoring and estimates, saying it doesn’t think about revenues, together with what tariffs are bringing in. Former Trump financial Advisor Larry Kudlow, now host of FOX Enterprise Community’s ‘Kudlow,’ has additionally identified the CBO has a historical past of lacking the mark and “under-reported” the primary go-round of Trump’s 2017 tax cuts by $2.3 trillion over the previous seven years. 

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The invoice continues to make its approach by means of Congress and is anticipated to be on the President’s desk by July 4.