RT Daniel Priestley (@DanielPriestley)Billionaire hedge fund manager @RayDalio has said the UK is in a debt doom loop.The government has 101% of debt to GDP ratio. It spends 45% of GDP. It borrows to pay interest payments. This is wildly unsustainable and irresponsible.The doom loop bit happens when the government raises taxes to fund debt, higher taxes reduce growth, reduced growth reduces investment, reduced investment causes wealth creators to leave and the 1% who pay 30% of the taxes pull away from the ...

RT Daniel Priestley (@DanielPriestley)Billionaire hedge fund manager @RayDalio has said the UK is in a debt doom loop.The government has 101% of debt to GDP ratio. It spends 45% of GDP. It borrows to pay interest payments. This is wildly unsustainable and irresponsible.The doom loop bit happens when the government raises taxes to fund debt, higher taxes reduce growth, reduced growth reduces investment, reduced investment causes wealth creators to leave and the 1% who pay 30% of the taxes pull away from the ...

Billionaire philanthropists John and Laura Arnold have made fiscal responsibility a signature cause.So when Congress passed Trump's tax bill they called it “catastrophic” https://t.co/XLFKYIQP3D https://t.co/uZX5gsBQqZ ...

Fiscal Policy & Budget Bill Overview - The Senate passed a budget bill with Vice President Vance's tie-breaking vote, now heading back to the House [1][2] - The administration aims to get the bill to President Trump's desk by the end of the week, emphasizing the importance of adhering to the President's timeline [2][3] - The bill represents the entirety of the first year's agenda for the President, marking a significant step forward not seen in 30 years [9] Disagreement on Fiscal Impact - The Committee for Responsible Federal Budget estimates the bill will add over $4 trillion to the national debt through 2034, exceeding the House-passed bill by $1 trillion [4] - The Office of Management and Budget (OMB) argues that external fiscal watchdogs are using artificial baselines by not assuming current tax relief [4][5] - Critics, including Elon Musk and some Republican lawmakers, express concerns that the bill will balloon the deficit and increase the debt [7][8] Mandatory Savings & Deficit Reduction - The bill includes $1.6 trillion in mandatory savings, which the OMB claims more than offsets additional tax relief and spending, resulting in net deficit reduction [6] - The $1.6 trillion in mandatory savings is described as historic, more than doubling the $800 billion seen in 1997 [6] - The administration emphasizes the bill's fiscal responsibility, citing border security, defense spending, and tax relief [9]