‘There will be a reckoning’: Goldman Sachs CEO says US debt will blow past $40T. How to shockproof your assets

Solomon isn’t alone in sounding the alarm. Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has warned that America is heading toward a “debt death spiral,” where the government must borrow simply to pay interest — a vicious cycle that accelerates over time.Cutting spending may appear to be the obvious fix, but Solomon suggested that may be easier said than done. He noted that “aggressive” fiscal stimulus has become “embedded in the way” democratic economies — including the U.S. ...