But even Japan has still not defaulted after 30+ years of stagnation and a Debt-to-GDP ratio of 230% (US is 120%), and unemployment is basically zero. For comp

But even Japan has still not defaulted after 30+ years of stagnation and a Debt-to-GDP ratio of 230% (US is 120%), and unemployment is basically zero. For comparison, the great depression had >20% unemployment and -15% GDP Anyway, let's reconvene in 20 years :) Let me spell out my prediction for posterity: > The US will not default on its debt in this decade or the next, and the economy will not have a crash worse than the great depression (-15% GDP and unemployment above 20%)