There are other gremlins hiding in plain sight: superinflation/super-interest rates.
Since the latter years of the Bush II administration, the FED had managed to reduce interest rates to near zero and keep the perception of inflation low. That is unsustainable.
When that damn breaks, as it did in the later years of Nixon through Carter, interest rates and inflation are going to skyrocket into the double-digits.
Inflation will also affect debt servicing costs, SS payments, federal pension payments, etc.