In a stark warning following the passage of President Donald Trump’s sweeping tax-and-spending package, billionaire investor Ray Dalio has raised red flags about the long-term sustainability of America’s fiscal path, forecasting rising debt burdens and severe economic consequences.
The US House of Representatives has approved what Trump has termed “One Big Beautiful Bill” — legislation that permanently extends his 2017 tax cuts, introduces new tax breaks, and significantly boosts funding for immigration enforcement. But the bill comes at a heavy cost: it will add about $3.4 trillion to the nation’s existing $36.2 trillion debt, according to estimates by the nonpartisan Congressional Budget Office.
Reacting to the development, Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, took to social media to highlight what he described as alarming projections. “The bill is expected to lead to spending…
