'Black Swan' author Nassim Taleb says the US is heading for a debt 'death spiral'

• The US is headed for a debt "death spiral" if politicians don't rein in spending, Nassim Taleb said. 
• "The Black Swan" author said debt troubles will continue if Congress can't 
• "A debt spiral is like a death spiral," Taleb said at an event on Monday.

The US is facing a "death spiral" as a result of its mounting debt and the inability of politicians to confront the issue, according to "The Black Swan" author Nassim Taleb.

Per Bloomberg, the Universa Investments advisor who correctly called the 2008 financial crash cast a dire warning about the US debt situation, which has seen the federal debt balance notch $34 trillion for the first time ever to start the year.