Ray Dalio warned the U.S. faces a “debt-induced heart attack” within three years under Trump’s budget policies, citing unsustainable borrowing and soaring interest costs. While economists agree the crisis has been years in the making, they caution that shrinking tax revenues and ballooning debt service could trigger a reckoning if investors lose confidence.

Everyone from Jamie Dimon to Jerome Powell believes a national debt crisis is looming, they just don’t know when it will hit. Ray Dalio isn’t afraid to put a timeline on it: He says a “debt-induced heart attack” will happen under the current administration, in two or three years at most.

Dalio is no stranger to sounding the alarm on this topic. Earlier this year he said economists who believe America can continue to build its debt bu

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