Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

The House has drafted a $4.5 trillion tax cut blueprint paired with $2 trillion in spending cuts over ten years, which would add about $3 trillion to deficits over the decade.

Dalio Warns House GOP of Debt Peril as Lawmakers Weigh Tax Cuts

Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to get spending under control, lawmakers attending the meeting said.

Ray Dalio says he had a 'frank' discussion with the GOP about US debt and the 'mechanics behind how countries go broke'

Ray Dalio said the US budget deficit needs to be cut to about 3% of GDP so that debt servicing costs will not "severely squeeze out the government's ability to spend." Dia Dipasupil via Getty Images Ray Dalio met with House Budget Chair Jodey Arrington and House Republicans on Tuesday. Dalio told lawmakers to cut the budget deficit to about 3% of GDP. Dalio has repeatedly warned of the economic dangers that come with soaring deficits. Ray Dalio…

Dalio warns GOP of 'dire' debt as lawmakers weigh tax cuts

Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising U.S. deficits and urged them to cut the budget deficit to just 3% of gross domestic product or risk debt service costs squeezing government spending.