Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

FortuneSaturday, October 4, 2025 at 10:03:00 AM
Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast
Former President Trump recently expressed confidence that the U.S. can overcome its staggering $37 trillion debt through economic growth. He argues that current growth rates make the debt manageable. However, financial expert Ray Dalio warns that this perspective may be overly optimistic, suggesting that the complexities of debt cycles could complicate such a straightforward solution. This discussion is crucial as it highlights differing views on economic recovery and fiscal responsibility, impacting policy decisions and public perception.
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