Some of us baby boomers have already started doing our part to reduce the future debt by dying off.
Yes, on 20 years the debt will start to level off and reverse. The problem is the USA is replacing Euro Americans with 100+ average IQ with third worlders that have a < 90 IQ. I don’t see how it will work out well.
At 62, I'm still putting in 55 to 70 hours a week. I worked straight through the Thanksgiving weekend leaving me in a quandary to use Christmas, Thanksgiving and two floating holidays before Dec 28th (or lose them) while still working outrageous hours. Friday, my PTO will be paid down from 480 hours to 360 with a new corporate "cap" of 400 hours. The company has pocketed, without compensation, all of my earned PTO hours for the last 3 years. You're maxxed out. No accrual, no pay for hours earned in lieu of accrual. The annual "ethics" training rings hollow. I'll have 27 years with the company on Sunday. I plan to work to 30 years. That will be age 65. My company subsidized healthcare will have been stripped and Medicare shoved down my throat.
The looming Medicare strikes a poor chord. A colleague and friend that worked with me daily for 10 years was forced to Medicare. He had been getting pretty good care for his battle with melanoma. That care was yanked at the end of 2009. I attended his funeral in January 2010.
As for reducing the future debt by dying off...not so fast. I'm a net tax payer. I've never collected penny of benefits. If I die before I retire, the feds immediately lose about $55,000 in tax revenue I'm generating. The state loses about $18,000. The insurance companies miss out on $20,000. That's all effortless income for the government that is going to evaporate.