see also the article on ZeroHedge.com
Bank Of International Settlements Sees US Debt/GDP At Over 400% By 2040
link:
http://www.zerohedge.com/article/bank-international-settlements-sees-us-debtgdp-over-400-2040
link to full PDF of Band of International Settlements report:
http://www.bis.org/publ/work300.pdf?noframes=1
I don’t see it happening for the simple fact that people will simply refuse to pay the debt. 30 years from now people will agree to pay off debts incurred that they had no say in creating? I see a collective “GFY” coming soon where Gen X, Gen Y and their offspring will tell the Boomers that they will not own their entitlement obligations as well as those incurred by state and union pensions that blow up.