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- Ray Dalio, Republicans and Democrats said the budget deficit It is necessary to apply, but their political compression prevents a solution. The efforts of any budget to reduce the budget will not happen after 2026 cart, which will be collected together to solve the problem of a commission, Dalio was predicted.
According to Dalio, November, in November 2026, MPs will not resolve the deficiency after the secondary elections.
The legendary investor, the problem of reducing America’s growing budget deficit on Thursday, he quoted contacts in Washington, he passed to a new budget bill that the will of the Republic-LED house, critics Expand the country’s budget deficit At a time where government officials should be directed to contraction.
According to Dalio, the Democrats and Republicans agreed to the weight of the problems, but their political competition prevents them from finding the solution.
“It’s like being on a boat in the rocks, and they are not able to turn, but they can’t agree to how to turn it,” Dalio said during an event for Paley Media Council in New York.
Therefore, he said that serious efforts to reduce their deficit do not occur until the 2026 cart.
“Thus, I said that this would fall in this (the budget bill),” Dalio said. “There will be no important change after the 2026 elections.”
According to Dalio after the interviews, it plans to call a special committee to resolve the shortage.
“After 2026, the desire is to try to bring together a bipartisan commission to try to deal with it,” Dalio said. “Thus, after the 2026 elections, there is no prospect of material financial solutions.”
Dalio added that despite the need to “be superior to bipartisarip and political obstacles”, in the results of such a group, it was in the results of this group.
When asked about the prospects to find a solution, Dalio said, “I cannot be optimistic.”
On Thursday, the Budget Bill of Budget 215-114 voted in the voting house, without any democratic in favor of the legislation. Two Republican Representatives-Kentucky and Warren Davidson’s Thomas Massie – participated in the voting against the bill in the Democratic Caucasus.
Dalio defended to reduce the budget deficit in the past 3% solution. The proposal aims to lower the US national debt from 6.5% and 7% to 3% of GDP. Current Law, A Target is inaccessible report From an unequal committee for a responsible federal budget.
This story was first displayed Fortune.com
