US debt to GDP ratio is greater than 120%. The IMF defines that as an economic death spiral. By 2028 the loan payments we make on all that debt/money we printed will only cover the interest, no longer the principal, and the death spiral becomes irreversible with US insolvency by 2042. Historically, we are at the point where there's a depression, war, and/or a new monetary system. That's how they reset and seize more power. We need not only a balanced budget amendment, but massive spending/entitlement cuts and austerity, as well as boost in GDP/exports because we can't service our own debt and have relied on other nations to buy our bonds. They are selling our bonds and not buying these days. Markets WERE looking at a lost decade, but the past week or so have been looking at 30 year treasuries, so 30 years.