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Dalio’s 3% 3 Part Solution to Decrease the Deficit

The US is approaching the end of the long-term debt cycle. There are 3 levers we can pull to bring the deficit down to ~3% of GDP and mitigate our debt burdens: 1) reducing spending, 2) increasing taxes, and 3) lowering interest rates.

While we need to consider each of these levers, I recently discussed why reducing interest rates will ultimately have the greatest impact on the budget deficit with @the_IMF.

You can learn more about my proposed 3% 3-part solution to the US debt crisis in my new book, How Countries Go Broke: The Big Cycle, available now wherever books are sold.

#principles #howcountriesgobroke #economics
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About Ray Dalio
Ray Dalio
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
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