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Story summary
- Ray Dalio, billionaire investor, warned in a Bloomberg interview that rising U.S. debt and deepening political divisions could lead to a civil war.
- He compared the climate to the pre-World War II period and described debt relative to income as "plaque in the arteries" choking spending.
- He said debt could exceed 122% of GDP by 2034 due to persistent deficits and urged both parties to raise taxes and cut spending.
