Ray Dalio says political division prevents urgent tax and spending reforms.
Experts warn that a financial crisis may be the only trigger for action.
Many in crypto see this as a signal to move away from fiat and into digital assets.
Billionaire investor Ray Dalio has warned that the United States is locked into a worsening debt trajectory. After recent meetings with lawmakers in Washington, Dalio joined other business leaders in predicting a potential crisis within the next decade. Many in the crypto space see this as another signal to move away from fiat and into digital assets.
Dalio: Political Absolutism Blocks Reform
Ray Dalio, founder of Bridgewater Associates, met with senior officials from both parties. He discussed the national debt, now above $30 trillion. Dalio said both sides agree the current fiscal path is unsustainable. But ideological rigidity, he warned, is blocking action.
Related: Elon Musk Warns U.S. Debt Interest Imperils Spending; Bitcoin Solutions Proposed
“We must find a solution around absolutist pledges like ‘I will not raise taxes’ or ‘I will not reduce benefits,’” Dalio said. “These positions make it impossibl…
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