Is Obama making America poorer?

Over the next 30 years, economists associated with the Bank for International Settlements in Basel, Switzerland, estimate (as have many U.S. economists) that the U.S. public debt will rise to between 200% and 500% of GDP. (It is now about 60%.) Debt levels of 200% to 500% cannot be supported; hence, the debt holders will face erosion of their capital through either inflation or nonpayment.If many of the policies of the Obama administration are not reversed, America will only get poorer and, in as little as 30 years, become a middle-income country, while dozens of other countries will enjoy a higher standard of living.