Investing legend Ray Dalio has warned that America’s massive debt may be out of control.
In an interview with CNBC, the billionaire said the country was not generating enough revenue to meet its financial obligations.
Dalio explained that the United States needs to sell more bonds to foreign countries to add more debt. However, he warned that political infighting and other social issues could prevent other countries from buying U.S. Treasuries, causing supply and demand problems.
As of this writing, the national debt is $33.746 trillion.
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