Ray Dalio | The All-In Interview

694.003 - 716.274 David Friedberg

And the government's only going to bring in just under $5 trillion of revenue. So nearly a quarter of every dollar that's being collected by the federal government is going out the door just to pay interest on the existing debt. So in order to fund new programs, the government needs to take on new debt. And the folks that are having to issue that cash to the government end up saying, wait, that's