Bridgewater founder Ray Dalio has warned that the US is on track for a “debt-induced heart attack” within the next few years, citing the excesses created by Washington’s latest budget. He estimated the tipping point could come “in three years, give or take a year or two.”Dalio said the imbalance between the supply of US debt and investor demand would force the Federal Reserve into a painful choice. Either it allows interest rates to rise, risking a debt-default crisis, or it steps in to buy unwanted bonds by creating money. “Both paths would hurt the dollar,” he cautioned, adding that doubts over US fiscal credibility are likely to intensify.Info via the Financial Times. This article was written by Eamonn Sheridan at investinglive.com.