"The budget - which includes multi-trillion dollar tax breaks and more defence spending while also allowing the US government to borrow more money"
The question is how long the US will be able to depend on investors continuing to lend the US money without crossing a death spiral.
Ray Dalio thinks there's a low risk of an imminent debt crisis, but a high-risk in the long-term.
SlowTao•8mo ago
My shoot from the hip, arm chair "expert" guess is that long term the government is already aware of a death spiral and is just spending like crazy to benefit them selves and the country by proxy in an odd way right up until a debt default in the next 5-20 years.
andsoitis•8mo ago
The question is how long the US will be able to depend on investors continuing to lend the US money without crossing a death spiral.
Ray Dalio thinks there's a low risk of an imminent debt crisis, but a high-risk in the long-term.
SlowTao•8mo ago