We have been doing alright ignoring it for the last fifty years.
Are you will to bet on another fifty or fifteen or ten or even five? Kotlikoff said most Americans, if they knew the truth, would try to kick the can down the road. But for how long? The piper must be paid at some point. Baby boomer retirements accelerating. Half the working age are not working. Interest rates have no where to go but up. In just six years, Obama added $7.5 trillion to federal debt (now $18.2 tril) and CBO projects $22 tril at term end.
Supporting the Ponzi scheme is status of US dollar as global currency. That may end sooner than later. BRICS and others working on a dethroning.
Someone said, the end will come like a thief in the night. Canary in coal mine: watch the bond traders for signs of the Great Unraveling coming to everyone’s neighborhood theater.