I think your estimated numbers are reasonable.
The party can continue as long as the fedgov can get away with having a yearly budget with 40% fake money.
But eventually the markets are going to puke on it.
That’s when it gets ugly.
The 40% fake (and/or borrowed) money is unimaginable for you and me.
Banks would laugh at us if we wanted to borrow 40% of our income EVERY year.