Ray Dalio warned at the Future China Global Forum that America’s $37.5 trillion debt poses a crisis risk, but argued the U.S. can’t realistically cut spending. Dalio noted a “greater realization” in the Trump administration of the debt challenge, though the growing gap between spending and revenue leaves markets wary of long-term sustainability. On a spectrum of opinion about America’s national debt, Ray Dalio comes down on the end of “crisis.” The Bridgewater Associates founder has long warned America ...