Paul Tudor Jones sees fast approaching reckoning over US debt levels

Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government’s current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government’s hand after the election in addressing it. 

“We are going to be broke really quickly unless we get serious about dealing with our spending issues,” Jones told CNBC’s Andrew Ross Sorkin on Tuesday.

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I tend to agree. No matter who wins, their spending plans are going to spike the national debt. Trump's are worse, by far. But the next four years, and possibly beyond, are going to be a bumpy ride. A quarter century of bipartisan fiscal profligacy may finally be reaching its inevitable end.