Billionaire Ray Dalio has warned that the U.S. government’s surging debt and “irreconcilable differences” in the country were creating a worrying financial and political environment.

In a Bloomberg TV interview that aired Friday, the founder of investment management firm Bridgewater Associates said that the U.S. government’s debt was rising too quickly, creating a period similar to the years preceding World War II.

“There’s a dynamic about debt,” Dalio said. “When debt and debt service rise relative to your income, it’s like plaque in the arteries that then begins to squeeze out the spending.”

“One man’s debts are another man’s assets,” he said. “If those don’t give a good real return, they will sell.”

According to Dalio, the U.S. government is facing this dynamic.

According to U.S. T

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