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People do not want to buy as much US debt.
finance.yahoo.com - Ray dalio says world runningRay Dalio says the world is running out of interest in buying U.S. debt—but America is unable to cut back its spending
That was with Fortune magazine—same thing by Dalio on NPR this morning.
Dalio said on NPR that there are two promises to the American public: Your taxes won't go higher, and we won't stop the social spending.
The social spending helps the US economy. The low taxes hurt the American economy, according to me. But it is more than according to me.
