The simple fact that our entire economy is only 15 Trillion. I just do not see it being paid off. Even if we have 30 years.
Although innovation in technology may get us out of this hole. I'm referring primarily to the Quantum chip. I believe it will change our world just as electricity changed our world in the last 134 years. The good news is it will only take 5 year point, from the 1st Quantum chip 2024, or 14 years from now in 2029.
Who is to blame for the shaky economy we are in? Look no further than the government, and Dent contends, “What’s happened is the government has created a bubble with all this low short- term interest rates and all this stimulus, and their only defense is to keep this bubble going. . . . We got the greatest bubble in debt in modern history by far. We have the greatest asset bubble across the world in real estate, commodities, stocks; everything is in a bubble. When these bubbles burst, the whole system comes down. They are doing everything to prevent it, but everything they do to prevent it from blowing up is making it worse. This is a game they cannot win–mark my words, cannot win, and we are going to see a major crisis . . . especially over the next two years. These falling oil prices trigger these fracking firms. They have 20% of the junk bond high-yield debt in the United States, and that’s all it takes to trigger another financial crisis, just like the subprime crisis back in 2008. All it takes is a trigger and the whole debt thing comes down.”
http://usawatchdog.com/oil-price-plunge-trigger-for-next-global-crisis-harry-dent/