Which would mean the social security and medicare beneficiaries don’t get paid?
Either not paid or not paid as much.
We all become creditors to our own money. It has been squandered by politicians for their own benefit right under our noses and without penalty or recourse. The money is gone. They don’t have it.
I tell people all the time that if they intend to have a contract with teeth in it they had better be sure the contractor has enough money or ability to take a bite out of to satisfy the penalty. If that is impossible you need to find another contractor or recognize that the liability for failure is your own and manage accordingly.