Larry Samarz issues are a blatant warning: “The Beautiful Great Buda” is in fact a prescription for “fatal and dangerous retreat”

The former treasury minister Larry Samarz The alarm appears on the American financial path, and puts the blame directly on the president Donald Trump And a “large and beautiful and beautiful invoice” for the Republican Party.

What happened: During his appearance on Politics Chamber On Thursday, Bodcasts criticized the lack of financial discipline in the current Republican proposals, warning that the United States is about to crisis if the current debt trends continue.

“We do not pay attention to the first holes law. Stop drilling,” said Samarz, referring to US national debt worth $ 36.9 trillion, and a $ 1.83 trillion fiscal deficit.

He believes that the country is not on a sustainable road at the present time, and adds that “the big and beautiful bill” is in fact a prescription for “a dangerous decline in a deadly decline.”

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Samarz, who held the position of Minister of Treasury under the leadership of the President Bill Clinton As a way out National Economic Council Under the president Barack ObamaIt is noted that the debt ratio to American income is three times higher than it was in 1993, when Clinton took office.

He warned that the financial expectations are more magnificent than it was during the 2010 Simpson Powers deficit committee, when the long -term budget reform was a source of concern for the two parties.

“The greatest debtor in the world will not be forever the greatest power in the world,” he says, adding that the United States is increasingly dependent on China to finance its deficit, which he feels “very dangerous.”

This prompted his criticism of Trump’s call for cutting Internal revenue service Implementation, dependence on definitions instead, which the summer indicates a retrospective tax to increase revenue. “Is it really good to pay a new car price of $ 4000?” He asks, while warning that these policies are to harm consumers.

Summers concludes with the similarities of the similarities between the current financial path of the United States and the UK’s path in 2022, describing it as the preparation for the “moment of Liz Tros”.

Here, he refers to the era of the former British Prime Minister, whose period of work ended after the turmoil in the bond markets, resulting from the non -funded tax cuts and financial errors.