Billionaire investor Ray Dalio has expressed skepticism about the U.S. resolving its debt crisis before 2027, citing political divisions and the upcoming midterm elections as significant obstacles. Dalio argues that bipartisan efforts to address the issue are likely to be ineffective and time-consuming, as they often fail in practice. He emphasized that necessary measures, such as spending cuts and tax increases, are unpopular and unlikely to gain traction.
Dalio also criticized the current administration's spending policies, warning that a proposed bill could add $25 trillion to the national debt over the next decade. With the U.S. debt already exceeding $37 trillion, Dalio cautioned that failing to address the issue could lead to an 'economic heart attack.'
Ray Dalio Warns U.S. Debt Crisis May Be Unresolvable Before 2027
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