This would lead to an improvement in the supply/demand balance for US debt, which in turn would lower interest rates, Dalio said.
There is no way that the US “deficit/debt bomb” problem can be sustainably dealt with unless there is a bipartisan mix of tax revenue increases and spending decreases, Bridgewater Associates founder Ray Dalio wrote in a post on X.
The billionaire said Republicans and Democrats understand the need to reduce the deficit by having “those from both sides chip in a bit”.
