The co-chief investment officer of hedge fund Bridgewater Associates, Ray Dalio, is issuing a warning on the US amid the ballooning national debt.
In a new Fox Business interview, Dalio says the US will face an economic catastrophe in a few years unless steps are taken to reduce the national debt, which is now hovering above $36 trillion.
“If you don’t do that [enforce the debt-reduction measures], and we probably will not do that, it is like the plaque building in the heart. And so we are now not going to have not only more debt and more debt service encroaching on our spending, but it’s also going to mean that we are going to have a supply-demand problem. And this is a heart attack,
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