By Free Republic | Created at 2024-09-22 13:09:53 | Updated at 2024-09-30 07:31:00
1 week ago
Billionaire Ray Dalio Says $35,327,646,622,839 US National Debt Will Not Reverse – Here’s His Outlook
Dailyhodl ^ | 09/21/2024 | Alex Richardson
Posted on 09/22/2024 5:40:43 AM PDT by ChicagoConservative27
Bridgewater Associates founder Ray Dalio says America’s $35.327646622839 trillion national debt will continue to grow no matter who wins the race for the White House.
In a new interview with Bloomberg at the Milken Institute Asia Summit 2024, Dalio says the fast-approaching November election represents a crossroads for a number of critical issues including taxation and the reach of the federal government.
The billionaire believes the national debt is bound to be ignored while the government uses inflationary policies to reduce the real burden of its debt.
“We have an enormous amount of debt, and it’s going to keep increasing. And one man’s debts are another man’s liabilities… Nobody’s going to deal with the debt policy. That’s going to end up being monetized down the path.”"
(Excerpt) Read more at dailyhodl.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: billionaire; dalio; nationaldebt; reverse
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Well no #$#$
To: ChicagoConservative27
We can at least thank Ronald Reagan for indexing our Social Security and income taxes to inflation.
2 posted on 09/22/2024 5:48:42 AM PDT by microgood
To: ChicagoConservative27
$35.327646622839 trillion national debt will continue to grow no matter who wins the race for the White House.
Well, ya think.
The point isn't (at this point at least) to stop the debt from growing but to slow its growth.
Kamala doesn't even understand what the National Debt is or where it comes from.
3 posted on 09/22/2024 5:49:43 AM PDT by RoosterRedux (Thinking objectively is difficult. And painful. That’s why many people just cling to their biases.)
To: RoosterRedux
When will we need a wheelbarrow full of money to buy a loaf of bread like we heard in Germany in the 1930’s. The 1940’s were the result.
4 posted on 09/22/2024 5:57:16 AM PDT by DIRTYSECRET
To: microgood
Yeah, but if those do nothing billionaires would just get taxed their fair share.............
5 posted on 09/22/2024 5:58:04 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
To: ChicagoConservative27
Stop the bleeding and balance the budget. That would be the first step.
6 posted on 09/22/2024 6:02:33 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
To: RoosterRedux
Yes she does but she has been instructed by the Politboro to not say a word about it. It is part of their plan to “fundamentally change America..” You know, a “New Way Forward” and all of that.
7 posted on 09/22/2024 6:05:04 AM PDT by Shady (The Force of Liberty must prevail for the sake of our Children and Grandchildren...)
To: central_va
Baseline budgeting is the problem. If we spent 1 billion last year, we must have a baseline at least 50 percent more next year.
8 posted on 09/22/2024 6:06:32 AM PDT by exnavy
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