Can future Productivity Solve our Debt Problems?

[kingstep]

If you look at how indebted we are and think of the possibility of coming out of it in the future, it always look unrealistic. Government often assume that future growth will offset present borrowing but that doesn't always look like the truth.

What if technological productivity and better governance increases while wages and tax revenues fails to keep pace? what if a change in administration struggles to fix our debt problem? and what if an attempt to fixed our indebtedness even takes us backwards?

Is it even possible that our growth and fiscal stress can exist simultaneously?