Comment by whitepoplar

This is scary because the more debt one holds, the more accurate one's predictions of the future need to be to manage that debt. What happens if we're wrong about our growth predictions? What happens if we have another market crash (and it's worse than 2008-9)? What happens if we end up fighting a war? I think if the future is uncertain, and it always is, it's a bad idea to hold this much debt.