Ray Dalio warns that the U.S. national debt, which has tripled to approximately $37 trillion over 20 years, poses a significant crisis. He compares the situation to being on a boat heading towards rocks and describes the increasing debt as an aggressive cancer. Despite politicians acknowledging the danger, they are hesitant to make changes like raising taxes or cutting benefits. Dalio highlights the cycle of debt, comparing it to a disease that eventually leads to economic collapse if left unchecked.
Dalio characterized America's debt problem as "like being on a boat headed to rocks," emphasizing the urgency of addressing the mounting national debt to avoid crisis.
He described the rising debt as an "aggressive cancer," warning that unchecked borrowing leads to economic failure, highlighting the need for immediate action.
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