Billionaire investor Ray Dalio slams the US debt ceiling – and compares politicians who support raising it to binge-drinking alcoholics

• Bridgewater Associates founder Ray Dalio has slammed the US debt limit as "a farce".
• "It works like a bunch of alcoholics who write laws to enforce drinking limits," he said.
• The US hit its $31.4 trillion cap on borrowings last week, raising the prospect of a default in June.

Billionaire investor Ray Dalio has slammed the concept of the US debt ceiling – and compared the politicians who want to push it higher to binge-drinking alcoholics who don't know their limits.