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US Politics

Billionaire Ray Dalio warns America faces ‘economic heart attack’ if it doesn’t radically reduce U.S. fiscal deficit

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Billionaire investor Ray Dalio says the U.S. will run a deficit of about 7.5% of GDP if the tax cuts continue, he says.

The $36 trillion and counting in national debt is effectively plaque building up on the arterial walls of the financial system.

Wall Street no longer expects relief in the form of further interest rate cuts.

Dalio: Time has run short and now it is an imperative to move fast, even at the cost of breaking things.