[lotsofpulp]

Exactly, I would even say the situation is so bleak for some Americans (and even people all around the world) that they might as well enjoy themselves in the short term, especially when they're young, while they can, as opposed to risking it on the uncertain future.

Edit: Also, as the tax base gets smaller, I can see some of the tax advantaged accounts people have money in become not so tax advantaged. The money to replay all this debt (including infrastructure, environmental, and policy debt) has to come from somewhere, and I'd bet it's both from inflation and savings. Or someone hits the reset button with a revolution or war.