The current debt is 36T or about $100K of debt per person. Taxes will continue to increase to service the debt. Interest rates stay high and impact mortgage rates, car loans, personal credit, school loans, etc. Inflation may stay above the baseline. The government may reduce benefits, increasing costs by $500+ for citizens that would otherwise be provided by the government.
Assuming 2T flat deficit is added annually for the next 15 years, the 2024 debt per person will be about $200K. You can double the impact above per citizen. For a $300K mortgage, you can expect the next generation to pay $400+ more than you would today.
I expect cutting the work force to be a net economic positive as it was for Canada.
Canada cut their work force by 20% in the 90s (PM Jean Chretien), helping achieve a surplus, reduced debt and interest payments, helped economic growth. Short term unemployment was mitigated by increase in private sector jobs.