According to Ray Dalio, founder of Bridgewater Associates, $35,327,666,283.9 billion. The U.S. national debt will continue to grow no matter who wins the White House election.
In a new #interview with Bloomberg at the Milken Institute's Asia 2024 Summit, Dalio said the upcoming November election will be a crossroads on many important issues, including tax policy and the federal government's reach.
the billionaire believes the national debt will be ignored as long as the federal government reduces the real burden of debt through inflationary policies.
We have a huge debt, and it will continue to grow. And one man's debt is another man's debt. ...... No one wants a debt policy. Eventually it will be monetized.
Whatever the outcome, the billionaire sees the U. S. becoming a more "fractured" entity, with some parts of the country looking to state governments for guidance due to "irreconcilable differences" with the federal government.
Dalio said he is also looking at the candidates' tax policies and how they will affect the market.
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