The U.S. is on track to default on its payments obligations if the debt ceiling is not raised. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, the problem could extend beyond a debt crisis. “The debt ceiling negotiations is ridiculous because it’s not dealing with the problem,” he said in a YouTube video. The billionaire investor explains that if the debt ceiling is raised, the U.S. will just keep piling on debt. And if the limit does not increase, t