[McLovin]

From a purely economic and social perspective.

Politics aside, i.e., putting aside who is to blame, what can be done to fix it, etc.

I remember when it was 5-6 trillion, it was 10 trillion what, 10-12 years ago, and now it’s $32 trillion or so and will not reverse.

So for discussions sake, just assume it is $100 trillion 10-12 years from now.

What does the US look like, socially and economically?

My guess:

Of course we still exist as a country.

The biggest effect is a big reduction in the standard of living for 85-90% of people.

More like Europe, where people generally don’t live in 2500+ sq ft houses, drive multiple, 20 ft long 6000 lb vehicles, etc.

Longer waits for healthcare.

Much harder upward mobility (that’s already happening of course. Most of us were able to buy a house early on, that’s much more difficult now, etc).

Can we possibly maintain world currency at that debt level?

Can we maintain order in the country?

Socially and economically, what does life look like here for most people?