The problem is also demographics, although not in the way you might think.
Who’s going to buy the stuff once the boomers are gone? The economy is under heavy deflationary pressure. With such a high debt level and such a weak underlying economy - this is a recipe for big trouble.
To revise and extend, am of the belief we have to allow the economy to crash. Want to make it clear. Am proposing a CRASH. It is going to happen sooner or later. Sooner maybe is the best option. My children and grandchildren may have a chance if it happens sooner. The crash is inevitable, or as Travis’ post shows the waterfall.