HomePage  |  This day in history  |  Sitemap
Breaking-News >> WorldNews

Bridgestone Water Fund Founder: U.S. debt situation “very dangerous”

In an interview with Bloomberg TV on October 10, Dalio, the founder of the U.S. Bridge Water Fund, warned that U.S. debt is at a very dangerous turning point, and in the near future the United States may suffer from "economic heart attack".

Dalio said U.S. debt and debt-service expenses continue to accumulate. Currently, the government spends as much as US$7 trillion annually, while revenue is only US$5 trillion."Expenditure is 40% higher than income."

Dalio believes that when debt rises relative to income, debt “is like a plaque in the arteries starting to squeeze out spending,” “and as a result, you may get an economic heart attack.”

Dalio also warned that rapid growth in U.S. government debt was creating conditions that were "very similar" to those in the years before World War II.

According to data from the U.S. Congressional Budget Office, the ratio of U.S. federal government debt held by the public to U.S. gross domestic product (GDP) has reached 99% in 2024, and is expected to rise to 116% by 2034, higher than any time in U.S. history.



News raw data sources → https://world.huanqiu.com/article/4OgJhE989EX

17WorldNews[2025.10.11-14:24] 访问:40
[关闭窗口]  
「Links」 ...
Loading...
Search on site
This day in history
August 2023
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Copyright © 17ljfl.com · World News
The information collected on this site is all from public data information on the Internet, and the authenticity of the query results is for reference only!