This is like a game to me. Here is another simulation, starting with OMB budget numbers, and my assumptions.
1. GDP is 24633 in 2021 and will grow 4% thereafter.
2. Revenue is 4923 in 2021 and will grow 5% thereafter.
3. Outlays are 5697 in 2021 and will grow 6% thereafter.
4. Fed ownership of government bonds is 1569 in 2011 and will grow 5% thereafter.
The crisis point here is in 2038, when GDP is 47983 and net public debt is 48276.
What if GDP grows by 5% and outlays grow by 5% per year after 2021? Then it is sustainable infinitely.
Update 6/19/2012: This is model J-2.
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