Ray Dalio says politicians addressing U.S. budget deficit are like passengers ‘on a boat that’s headed for rocks’

Ray Dalio (Credit: Courtesy of The Paley Center for Media)

• Ray Dalio said Republicans and Democrats agree that the budget deficit needs to be addressed, but their political squabbling prevents a solution. Any bipartisan effort to reduce the budget wouldn’t happen until after the 2026 midterms, at which point a commission would be put together to tackle the problem, Dalio predicted.

Lawmakers won’t address the deficit until after the midterm elections in November 2026, according to Ray Dalio.