I get all that, and given the situation, where do you see this shaking out in 10-15 years? Eventually our national debt is going to cripple us but what else do you see on the horizon?
It isn’t so much a long-term projection of where we will be but more a recognition of a long-term trend. I see generally rising interest rates for the foreseeable future. This will likely hurt bonds and help stocks.
As to the Federal debt... it’s currently manageable. What is a problem is piling debt on top of debt. Also, in the future, as debt matures, it will be refinanced at higher rates. If we can get to the point of stopping the growth of the debt... that will help a lot. We’re aren’t projected for that future yet.