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- The US is nearing an "inflection point" as the debt pile accelerates, Ray Dalio told CNBC.
- Rising debt also means bigger interest payments, which calls for more bond issuance.
- "We are at the point of that acceleration, which creates the supply-demand problem."
The US's fiscal situation is heading for an "inflection point" as government debt grows faster than income, according to billionaire investor Ray Dalio.
With the government borrowing more money to just pay for debt service while spending continues unabated, the hole gets deeper and deeper, he said on a CNBC interview on Friday.