Bridgewater's Dalio issues another warning: The surge in U.S. debt reintroduces pre-World War II risks
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Ray Dalio, the founder of Bridgewater, warned that the rapid rise in U.S. government debt is creating a situation very similar to the years leading up to World War II. He pointed out that the increase in debt relative to income will squeeze disposable spending space and criticized politicians from both parties in the U.S., calling for tax increases and spending cuts to address the deficit/debt bomb. According to CBO data, U.S. publicly held debt has reached 99% of GDP and is expected to rise to 116% by 2034. Dalio also mentioned the intensifying global conflicts and wealth inequality, warning of potential civil war risks
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