US Faces Fiscal ‘Heart Attack’ Under Trump, Warns Hedge Fund Chief
Ray Dalio, a billionaire hedge fund boss, has warned that Donald Trump's low tax and high spending policies will trigger a fiscal "heart attack" in the US, pushing the country towards unsustainable debt levels and a major financial meltdown. The combination of tax cuts and soaring government spending will lead to a significant increase in national debt, mirroring the economic crises of the 1970s and 1930s. If left unchecked, this could result in widespread discontent among voters and potentially even social unrest.
- This warning highlights the long-term consequences of fiscal irresponsibility, which can have far-reaching effects on the economy and society as a whole.
- How will the impact of rising national debt on intergenerational fairness be addressed in policy discussions and potential reforms?