He's a doom and gloomer. I guess eventually
Posted on: March 9, 2017 at 21:00:28 CT
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they're usually mostly right. Theoretically debt can increase indefinitely, with a decent economy. But things can happen otherwise. Like, wait till interest is a typical 5 to 7% and see what that does to debt service from the increasing debt. Its either HUGE budget cuts, or if not, probably huge inflation, or some of both.