The US is also "as little as 10 years" away from losing currency reserve status, defaulting or inflating away our debt... or hilariously, maybe even raising taxes on young people to reduce it. All of these outcomes mean Americans just become very poor.

People forget that our skilled labor force exists here because we have the resources to demand it. If we actually run this country into a ditch like it looks like we're trying to do, there is no reasons those jobs don't go to higher demand countries like the Nordics, China, or even just Canada.

I think we'll be okay, but everyone is treating this outlook like it's a speed bump, when the consequences of wrecking your economy is a cascade of politically difficult problems that create incentives against investing in the future: see Argentina and Japan.