It will worsen so long as the country ONLY thinks in terms of one-factor labor worker employment and does not harness technological opportunity for advanced superautomated factories, robotics and computerized operations to constantly make for more and more efficient production of products and services. At the same time, it is imperative that capital credit mechanisms be used to finance this growth while simultaneously broadening ownership of the new productive capital that will be doing the bulk of the actual “work.” Otherwise, deficits will continue to grow to redistribute income in the form of make-work, military boondoggles, and welfare support to ensure there is money circulating in the “system” to purchase what is produced. With significant broadened private, individual ownership of new productive capital the economy will grow dramatically and the tax revenues will significantly increase to retire the debt.
