Ray Dalio warns of an 'economic heart attack' in the next 3 years if the US doesn't shrink the deficit

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• Ray Dalio says the US has limited time before its fiscal situation becomes dire.
• The Bridgewater Associates founder says the US needs to reduce its deficit to 3% of GDP.
• While he thinks that's possible, he doesn't believe it is likely to happen in time.

Hedge fund icon Ray Dalio has been sounding the alarm on the US debt crisis for months, and he now sees a timeframe for when the fiscal situation could become dire.

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