Ray Dalio, Scott Bessent and House members from both sides of the aisle are rallying around a ‘3% solution’ to tame the out of control national debt

These days Republicans and Democrats can’t seem to agree on, well, anything. But suddenly, a bi-partisan consensus is building in support of new laws that would put deficits on a sustained path to a specific goal: lowering the gulf between revenues and outlays by roughly half, to 3% of GDP. The groundswell started in earnest on January 9, when a members of the Bipartisan Fiscal Forum, a group from the House that looks for ways to address the rising fiscal challenges, introduced a resolution that...