Ray Dalio

And what if I would do is I would take a 3% pledge.

In other words, say, I will get it down there.

And if I can't agree on how, I would do it proportionately with three things.

I would proportionately with taxes, spending.

In other words, if you raised taxes by 4%, if you cut spending by 4%,

And you lowered, which would lower interest rates because it improved the supply demand and it would also convey the message that it's being dealt with.

You would also lower the interest rate on the debt.

And those two things would begin to get it to approach about a 3% budget deficit and so on.

And but doing that would require would be politically impossible.

So I have these conversations.

And the answer is, you know, like, Ray, you don't understand the world of politics.

If I'm there, I have to give at least one of two pledges.

The pledges and probably both.

The pledges is I won't raise your taxes and I won't cut your benefits.

Okay, taxes.

So there's a big move here primarily to try to grow your way out of it.

In other words, again, stimulate fiscal and monetary stimulation and hope that that produces, perhaps with the new technologies and so on, that's the idea, enough income growth

And so on, so that this moves toward that 3%, which is, in my opinion, a not likely occurrence.

I think that the artificial and technology miracle is a great miracle, okay?

I mean, very beneficial.